Rorkes, a guru I respected a lot once said ‘Chart is the fairest information small player can get. Price movement results from combination of market forces and technical analysis is living on what is happening right now.’
From my understanding, it means do not try to predict market. Find a clue on the chart as “if price move to which point next minute/hour/day/week, then where it shall go”
I have been taking this up and down lift a few times without making any profit due to my lack of knowledge but how much would skilful ST trader made from the blue square area Mitta marked on his chart? 800%?
Unfortunately this area dragged so long and becomes monthly consolidation level, so might require weeks/months to break and born new trend.
Let’s cheer for the long force who ever fighting for us and request a special dividend after production. =P
monday musings, page-89
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |