I also rarely trade from breakouts of patterns. I suspect the large short term traders (fund managers, hedge funds, short sellers etc) read the same chart and "push" the share price through the trigger points to make a short term profit. So the breakout is not due to underlying reasons related to the company's performance and therefore the breakout fails. Like you, I attempt to read the trend. I take a small position and add to the position when my hypothesis of the trend is confirmed.
I should add - that is what I usually do. Unfortunately, some times I ignore the signals and think this time will be different.
Anyway, back to crossing my fingers and hoping with NST.
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I also rarely trade from breakouts of patterns. I suspect the...
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Last
$15.81 |
Change
0.020(0.13%) |
Mkt cap ! $18.16B |
Open | High | Low | Value | Volume |
$15.64 | $15.85 | $15.61 | $43.85M | 2.778M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3784 | $15.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.81 | 6111 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3784 | 15.800 |
1 | 4823 | 15.780 |
1 | 14129 | 15.770 |
3 | 15533 | 15.760 |
1 | 14129 | 15.740 |
Price($) | Vol. | No. |
---|---|---|
15.810 | 6111 | 1 |
15.820 | 6465 | 1 |
15.830 | 6325 | 1 |
15.840 | 22032 | 5 |
15.850 | 13574 | 9 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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