BUD 0.00% 0.6¢ buddy technologies ltd

Sold - Disappointed, page-29

  1. 9,820 Posts.
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    more than that - knowing where the top is is exceptionally challenging

    on bud's ride up it showed topping out signals at 7c 10c 17c 27c 41.5c from memory

    i guarantee a lot of traders sold into one of those tops prior and never had a chance of seeing 41.5c. and it touched 41.5c for about an hour.

    buy and hold investors put on their iphones and grooved all the way up to 41.5c without losing any sleep

    being perfectly balanced 50% ta/50% fa skilled is my aim but i still get it wrong much of the time. its so hard not to have a bias because of the way we feel about stock stories we connect with

    ta wise today was a bollinger bounce - bollinger low is 27.5c. so nothing yet to tell whether downtrend is changing.

    this is a classic retail Disallowed pattern - plunge in the morning - cause retailers to panick and sell - then rise inot the afternoon drawing some to buy back. only to sell off deeper a day later

    but who knows - maybe it is an inflection point.

    ta wise though i dont believe that.
 
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