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TA/Charting, page-6

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Trade4Profit88

9,435 Posts.

596

06/06/19

10:02

Post #: 38934229
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Originally posted by tealeafreader: ↑

I realise that this is a fresh TA thread and I appreciate the wise efforts of our in-house T/A experts, but to analyse this stock on the basis of T/A alone is clearly a mistake. We virtually know the financial results for May (assuming our CEO has not misled the market). An overall financial May up-date is imminent, as is results for Adcell, StartApp, IconicReach etc. Clearly, this share is thirsty for news and because it has become accustomed to daily water from our exuberant CEO, it becomes thirsty very quickly. The short term traders are capitalising. They and they alone are interested in these lines. They love the fact that it is a penny stock and one or two cents in either direction results in a significant percentage change. I offer this as my T/A analysis (take-home analysis) free of lines, curves and geometrical over-speculation.

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there's nothing wrong to analyse any type of stocks using T/A,
don't use TA and blindly based on FA is clearly a big mistake, imo

Now back to TA
s/p closed at 3.7c yesterday which is right on the mid-BB, and from yesterday's trading it was buyer bought into 3.7c after it dropped to that price, so
it's likely to stay above 3.7c or bounce off here, imo

EN1 Price at posting: 3.7¢ Sentiment: Buy Disclosure: Not Held
3 Upvote

0 Great analysis

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