No one can predict sp.
But we can expect some kind of probability using history of sp movement. Each share has its own characteristics, I believe.
It seems to me no news is a good news for VBA.
I like a quiet and slow sp movement, personally.
Too crowed mob and sharp spike, I am usually scared.
I was expected around 3-6 % up today that would have made me comfortable. 10.94 % up scared me although it was good from a view point of my profit.
Anyway, this guy had a double bottom (0.270 on 20/10/08, 0.250 on 16/12/08) and a golden cross (SMA,11, 31 days) with a good volume today. TA guys' favourite.
The closing market depth was very much bullish.
4:10pm
Buy Sell
Number | Quantity | Price | # | Price | Quantity | Number
8 | 1,369,402 | 0.350 | 1 | 0.355 | 747,431 | 11
7 | 339,031 | 0.345 | 2 | 0.360 | 227,403 | 13
7 | 373,155 | 0.340 | 3 | 0.365 | 319,000 | 12
9 | 372,597 | 0.335 | 4 | 0.370 | 212,350 | 8
11 | 354,034 | 0.330 | 5 | 0.375 | 161,000 | 8
.....................................................
.....................................................
383 buyers for 14,030,535 158 sellers for 4,217,631
Technically very much positive as above and (see 4 year chart and in particular, around May-Nov 06 if you are interested in this guy's characteristics).
Fundamentally, Aussie is a huge country so that the cheapest and safest travel from a city to another is by plane regardless petrol price. Easter is another big season for Aussie domestic travel.
So you can expect what sp will be near future from a view point of probability base on fundamentals and TA.
Psychological part is the most difficult one for me when I enter/exit any position.
Good luck to all.
No one can predict sp.But we can expect some kind of probability...
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