swing traders obversation, page-7

  1. 246 Posts.
    newB - while the market was shooting for the stars; FKP was dropping like a stone; so overseas trends don't influence direction of individual stocks. As I mentioned the stock will settle into a consolidation period; while buyers and sellers sort themselves out. If the next 2 - 3 days finish with Doji's then we can assume that the ASX sentiment is in line with world markets. What we might see is a very tight trading range in a sideways direction on light vol. Interesting times ahead.
 
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