Short Term Trading Weekend Lounge: 17 - 19 Sept, page-67

  1. 1,751 Posts.
    lightbulb Created with Sketch. 131
    Thanks for stretching our brains on a Sunday morning Valen.
    I'll give TLX a go.
    Just going back to May 2021.
    In a perfect world....
    I would have bought in when price rose above the 50sma ( black line) on 25 May 21.( that was also a pivot low and a new demand level not marked oops) and probably sold at the second pivot high. Waited for the second test of the demand zone. sold the next pivot high. ( I sell based on the 15 min chart ) then in again at the bullish hammer/swing low bounce off the 50 ema. There is no overhead supply for TLX so I'd be reading up on FA and checking the size of the Market cap, and comparing with others in the same market space.




    https://hotcopper.com.au/data/attachments/3597/3597428-13e76e7fece11facc08069eb2788fc28.jpg
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.