FML 9.09% 12.5¢ focus minerals ltd

geez! bots must be targeting 1.7, page-19

  1. 997 Posts.
    Algos (computer programmes) target price levels ( buy ins) and stop loss targets.

    This is an automated way of shaking the tree.FML target of .17 is a historical target. Almost guaranteed it was an algo,target.

    Once hit. Alog stops selling. If buying support doesn't kick in, or if another algo has a lower price target. It will be retested and go lower.

    Expect a retest. But if algo offline. Price accumalation will occuur up to previous support (new resistance) level.

    It's largely a computer game with your money at stake.

    You lose most of the time though- because you are way more attached to your money than the computer is to data.

 
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