I can only go on evidence presented on charts. Ta is more of a...

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24/05/18

21:56

Post #: 33299145
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Originally posted by Kotlass ↑

I think it depends on perspectives. Depending on where you stand, 6 and 9 may be valid answers to what one sees.
Have you noticed that even though you got the bounce calls right, the SP ended up making lower highs and lower lows? This is the different interpretation of the SP chart some of us have. A bottom is imminent but no one knows when or what the "lower low" will be. It remains an unknown.
However, individual response to this chart will vary depending on the profile of the holders. A long termer may keep buying at intervals but traders will definitely be selling as stop losses are triggered or if the funds deployed were short term capital/credits. As other posters alluded, there will be varying reasons to sell.
If you have cash you won't be needing any time soon, I'd say it's worth taking a dip and waiting patiently. Stop checking daily prices so you don't go on an emotinal roller coaster. Traders should probably wait for a reversal with high volumes before buying again.

My 2 cents. DYOR

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I can only go on evidence presented on charts. Ta is more of a artform than than a science But on balance of probabilities I think the Bears are cooked ... my detailed TA reasoning explained in this post below.

https://hotcopper.com.au/posts/33295455/single

AVZ Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
12 Upvote

1 Great analysis

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I can only go on evidence presented on charts. Ta is more of a...

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GreenX picks up prospective copper project in Germany

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Westgold sets its sights on top five producer status through merger with Karora

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Venture to sniff out high-grade REE targets at Jupiter project, WA

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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