CCU
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0.00% 5.8¢ cobar consolidated resources limited

nkIf they bought at 6c why did they wait to sell at the bottom...

  1. twinturf
    143 Posts.
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    10/03/11
    17:37
    Post #: 8032710
    nk

    If they bought at 6c why did they wait to sell at the bottom of the day, its because of the emotional fear.

    I'm a hold person based on fundamentals but if I used T/A I would wait till tomorrow as the SP closed a touch short of the 61.8 fib of 86.5c.

    I would expect a bounce tomorrow, if not there's support at the 50 fib of 79.5c.

    How many people got caught out selling at 50c when it retraced from 71c only to see it run up to 90c.

    For me its a time to buy going on fundamentals.

    Giddy-up Twinturf



    CCU Price at posting: 85.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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