Short Term Trading Weekend Lounge: 23 - 25 Apr, page-22

  1. 2,855 Posts.
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    STTCOMP PH2 TA Long

    Would like to do a full FA, but short for time now, so we'll have to settle for a quicky TA.

    Pure Hyrdogen has a room full of clean ideas for bringing hydrogen to the East coast with 4 plants in total to VIC, NSW, and 2 in QLD. None commenced yet, but Port Anthony is likely to be the first, being private and will tend to move quicker than the three government owned ports - Newcastle, Gladstone, Mackay. As we know all too well in Australia, nothing like goverment to stifle creativity.

    As can be seen, chart has formed one of those triangualr looking things that suggests that its about to grow an erection, or another flag pole. Why it may do this, requires one to appreciate what makes things go up, like higher lows for example, that is, it's not as down as it was yesterday. Viagra has the same effect.

    Lower highs are in play too, as if the orgasmic euphora is dwindling, which taken together with the higher lows, is coiling the libido of the chart in anticipation of an ejaculation.

    When the 'two second shovel and sneeze arrives,' price could reach that hard spot called resistance, which is presently about 40 cents. With only 33 cents required to make the STT'S sweet spot, there's plenty left in the bag.

    What's more, the 8 sma is standing up now over the droopy 20.

    https://hotcopper.com.au/data/attachments/3119/3119379-2672ccd0e5d15aae84e0e9bb2206056d.jpg


    MC 84M
    SOI 318M
    CASH more than the recent raise of 9M
 
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