History repeating itself with SAR price. Last double bottom back in early Sept at .34 is the next re-entry for this trader. Bollinger Bands are indicating the SP to fall further to this level with the daily chart showing .34 as support. Supporting this is that the last 2 candles formed a bearish engulfing pattern; with the day finishing with a black marubozu. Strategy is to keep an eye on the bottom BB; waiting for the band to straighten or curve upward which will give an indication that the sellers are done and the buyers have come to play. Allowing a further 3 - 5 trading days for consolidation should give a low risk entry. All IMO.
- Forums
- ASX - By Stock
- history repeating itself
History repeating itself with SAR price. Last double bottom back...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SAR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online