AJX

10.0%

1.1¢ alexium international group limited

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Gusman1974

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27/04/17

09:40

Post #: 24290364
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Originally posted by pintohoo ↑

"There could always be a scinario that 50c is strong support and a lot of part time traders jumped in at this level (what constitutes sheep?) as a logical entry point. The majority would probably have reasonably tight stops so could cause another wave of selling if we fall from here, also they will be looking to take short term profits if it jumps from here so any move higher will be sold off."

just one thing - where I mentioned sheep -

part of my definition of sheep would be anyone who had a stop loss sitting at 50 ---------

some may consider this as prudent trading tools ---

I consider putting a stop loss at 50 - a BIG fat round number AND a support area -

as presenting your bum to the universe and asking for someone to come along and kick it as hard as they can -

it is a SITTING DUCK

anyone whose stops yesterday were triggered ----------------- you were clearly in the gunsights ------ so much so, that if you looked at the front of your shirt - you would have seen the red dot on it from the laser.

Sorry ----------- that's the truth.

If you got done yesterday ------------- learn from it - it will happen again and again and again if you do the same.

Pinto

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Who said anything about stop loss at 50c? Anyone who puts a stop loss at 50c would not be called a sheep in my book, sheep follow the herd and I don't think the herd are putting stop losses at 50c. As I stated 50c is a good level to buy if you are a technical trader, but what goes with the concept of a technical trader is a stop loss lower than your purchase price.

AJX Price at posting: 49.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $17.31M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$330	30K

Buyers (Bids)

No.	Vol.	Price($)
1	758441	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	241382	1

View Market Depth

No.	Vol.	Price($)
1	758441	0.011
2	333885	0.010
3	282222	0.009
2	510000	0.008
3	665000	0.007

Price($)	Vol.	No.
0.013	241382	1
0.014	151511	3
0.015	234929	3
0.016	5328505	2
0.017	321118	2

Last trade - 11.00am 01/11/2024 (20 minute delay)

AJX (ASX) Chart

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