Wow. Saying you know nothing of TA definitely was not necessary...

  1. 5,870 Posts.
    lightbulb Created with Sketch. 2439
    Wow.

    Saying you know nothing of TA definitely was not necessary there!

    I said that if it touched 5.5c or around that level it would be a great *buying* opportunity and that I expected the overall picture to be positive, so even if it does drop to that technical target (I can post a chart and spoon feed you the textbook explanation of why that target exists if you like, it's not like I wrote the textbook, it's just that's the way it works, it's not like I just plucked a random figure out of a random orifice) I expect it to be higher later.

    One strategy someone might want to consider if they were following the textbook (to be absolutely clear, this is not my recommendation and I'm not recommending or advising anything) would be *if* the price breaks down out of the pennant *then* sell quickly with a view to *buying* back in around 5.5c (if I was going to use a strategy like this I'd likely go a bit higher than 5.5c, but I won't go into hypotheticals since I'm not planning to use that strategy in this case).

    Especially since I'm bluntly saying I personally have no intention of selling any and would only see a pullback as a buying opportunity, it's honestly quite stupid to accuse me of downramping.

    I'd see you as a single misguided individual but hey, with two lightbulbs it seems your view is not unique and I'm perfectly happy not to post any more TA analysis if it's going to bring accusations of downramping even when it's outright bullish.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
3.6¢
Change
0.001(2.86%)
Mkt cap ! $90.91M
Open High Low Value Volume
3.5¢ 3.6¢ 3.5¢ $112.8K 3.182M

Buyers (Bids)

No. Vol. Price($)
1 499765 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 1145038 5
View Market Depth
Last trade - 16.10pm 25/06/2025 (20 minute delay) ?
QPM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.