TB. Still think you sold yourself short by exiting. Your...

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trippa99

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17/02/16

14:39

Post #: 17043354
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Originally posted by tomboy ↑

If it closes at 27.5c that will be a lower harami shooting star formation (bearish).
If it finishes at 28.0c it will be a small green bar harami with long wick meaning buyers were again swamped by sellers. Everytime it goes up today it gets sold down & CEXT is working overtime to force it higher but the supply keeps coming in. 7M shares already traded.

Look at BDR SBM all spiked 10% to 22% in a day yet SLR cant go anywhere. Most goldies are lower or flat.

Im not downramping, im analysing as I sit in cash.
This is not a FA issue but a TA issue.
The volume selling continues but someone is buying and using CEXT trying to hold the drop away from that 25.0c bearish reversal point or the shoulder. If they want volume it would be easier to get it lower down but its all about tmrw now for another signal day.

A lower day tmrw may see a capitulation, a higher but smaller range would be another evening star harami surrounded by the prior 3 red bars.

If GP goes down expect SLR to follow sharply lower.
GP futures are lower except for GDXJ which is flat but after last nights 8% smacking of GDXJ thats actually a bearish non bounce flat pattern meaning the rebound doesnt look there at all.

So Im just saying what I see.

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TB. Still think you sold yourself short by exiting. Your previous analysis is correct.

If you get back in at 25, consider yourself lucky. You sold a shooting star as far as I am concerned.

SLR Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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TB. Still think you sold yourself short by exiting. Your...

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