The anti chartists are gotta hate this one. I got told not along to eff off with my lego building Ibiza towers in another thread.
Not for a second did they ask the fundamentals of reading a P&F Chart. It was called Lego, Ibiza, dumb as shyte etc.
What the anti TA didn't get was my description, so for the benefit of RLT shareholders, I offer the following,
Point and Figure reduces noise. A P&F chart only takes into account incremental price movements, my parameter's are set at .025 with a reversal of .075, in other words regardless of time, i am only looking at price movements, not volume, daily fluctuations. My noise is reduced.
And for an entry or exit you are only following the previous 5 columns, nothing more nothing less, however P&F can and does show trends but thats getting complicated so lets KISS.
Lets look at the last columns activity prior to todays column. What do I see? A double bottom supported by a triple bottom. Ouch
What do I see after market close today? Clearly the triple bottom has retraced, is it bullish? No, it has not finished higher than the previous green column, IMO a retracement is a previous column must overtake the last column to be confirmed as a double top or bottom. All in all my chart says hands in pocket should it breach the previous green we have a double top. Tops can be false but I will say highly accurate for entry.
Just for interests sake guys n gals, it has been comforting to have some retracement for us all. Its not strong though.
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Last
76.0¢ |
Change
-0.020(2.56%) |
Mkt cap ! $23.65M |
Open | High | Low | Value | Volume |
78.0¢ | 78.0¢ | 76.0¢ | $1.664K | 2.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 75.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.0¢ | 17812 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 0.755 |
3 | 10900 | 0.750 |
3 | 25400 | 0.745 |
1 | 50000 | 0.730 |
1 | 25000 | 0.715 |
Price($) | Vol. | No. |
---|---|---|
0.760 | 17812 | 1 |
0.790 | 17795 | 2 |
0.800 | 3000 | 1 |
0.810 | 40122 | 1 |
0.850 | 11662 | 1 |
Last trade - 11.43am 15/11/2024 (20 minute delay) ? |
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