Hi Specialist,
Yes the short term downtrend worries me a bit, however I think on balance the stock is still in an overall uptrend -of course if I knew for sure we would be a gazillionaires. I have set a tight stop loss but I think overall the trading opportunity is worth the risk. We don't have a price target but plan to sell when the stochastic crosses back.
I agree with you about also looking at the candle patterns - our most effective trading strategy has been to combine bullish candle patterns with stochastic buy signals.
cheers
Lindfield
Hi Specialist,Yes the short term downtrend worries me a bit,...
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Last
$44.37 |
Change
0.760(1.74%) |
Mkt cap ! $1.252B | |||
| Open | High | Low | Value | Volume |
| $43.63 | $44.38 | $43.57 | $3.058M | 69.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 391 | $44.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.47 | 391 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| NWS (ASX) Chart |