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20.0¢ firefinch limited

MLL Charting, page-8

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matyd

4,137 Posts.

217

14/09/20

11:01

Post #: 47316243
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Originally posted by JasmineTea: ↑

Hi all,

My key investment style is charting.

When I look at the chart I see lower highs. This is not encouraging for holding this stock long term.

In particular the key indicator for the next down turn appears to be RSI above 60.

It is clear as day over time that RSI has been a fantastic indicator for a downturn in the stock price in my opinion.

Hence reducing 50% of holdings based on RSI and charting appeared a sensible move at 17.5 cents and with hindsight clearly the smarter trade now the stock is at 16 cents.

Many risks still be resolved here. Mali political situation in my opinion is deteriorating and not improving.

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Hmmmmm, someone who bought in at 50c if I recall and sold half at around 16c needs to work on their charting skills unless your shorting. Which as I think about it this is more likely what's actually going on.

MLL Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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