Frustrated by watching a very low standard footy game so will add my 2 cents to your post. Please take it in the right way it was intended.
First of all good on you for putting it together. It’s an exciting time when starting out.
What do we see in your chart you ask? First thing I see is that Fibs haven’t been effective which is disappointing as I’m a big fan of them. But it fell right through your first fib, didn’t advance in the second and has fallen right through in the third.
Could I suggest when starting out that you stick to a daily time frame. The daily is a great time frame to learn TA indicators, monitor momentum and practice and hone systems on. (Hourly is too fast and the weekly is too slow).
Is using TA properly, we are wanting the ability to achieve 3 things. 1, identify a good/ safe entry. 2, be able to monitor the uptrend / momentum and 3, have appropriate signals that identify exit signals.
I’m not sure those Fibs have been able to do any of that. Therefore you might want to work on another set of indicators that provide some probabilities regarding where the SP is heading . Either upwards, downwards or sideways.
TA can be a fairly intense and complex topic so try and break it down into sections. If wanting an entry into a stock focus only on the indicators that signal an entry. And once entered, switch all of your focus onto only the indicators that signal an exit regardless of time frame ( days, weeks etc). It’s a mindset set thing but very helpful IMO.
Cheers.
- Forums
- Charts
- IMUGENE CHART. TA only
Frustrated by watching a very low standard footy game so will...
-
- There are more pages in this discussion • 1,555 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 IMU (ASX) to my watchlist
|
|||||
Last
5.1¢ |
Change
-0.004(7.27%) |
Mkt cap ! $373.3M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.0¢ | $1.762M | 34.10M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 673000 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 885816 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1460392 | 0.051 |
11 | 1580000 | 0.050 |
16 | 1434903 | 0.049 |
19 | 3317011 | 0.048 |
11 | 1023861 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 1486 | 1 |
0.051 | 1808892 | 6 |
0.052 | 1095740 | 7 |
0.053 | 900000 | 2 |
0.054 | 793794 | 3 |
Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
Featured News
IMU (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
SPONSORED BY The Market Online