Well Barney, The Technical Analysis suggests that all the big sellers have gone , a few blow flies are still hanging around , but every time they short there is a buyer waiting . The charts are showing a consolidation / accumulation phase , or basing if you like , this does not mean another dip is not possible , and basing can take some time . But to me this is a buy the dip time ,for when the accumulation phase is over its likely that an upward trend will develop . This is why investors are holding . Traders may take a different view as there is plenty of time to wait and watch , but the risk is you may miss the boat . There are a thousand ways you can make money and just as many to loose it .... To each his own .........
- Forums
- ASX - By Stock
- Something going on here
Well Barney, The Technical Analysis suggests that all the big...
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)