FYI - I didn’t bring you into the conversation today. Another...

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R08

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09/03/24

13:22

Post #: 72826537
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Originally posted by slick: ↑

Not sure why you're having a crack at me but circled on below chart is the late January where you are referring. There was a long spike well below bollies .105 cents (a buy signal) and the SP went all the way up to .135 cents on the 31st Jan!
So I would have thought late Jan was ok?

I think everyone is aware that my TA is based around the very short term, hours, days and maybe a week. Pretty poor form to have a go at me for February's performance. This is the very spec end of the market, anything longer then a week is to risky for me but that's up to the individual but investing in this type of stock compared to a "bluey" requires a different approach IMO.

But anyway I see you've jumped onto my descending triangle pattern. It's validation is growing by the day.
However, I agree with Cabbie on patterns. We follow them mainly for amusement and clarification purposes but this one is a 50/50 outcome.

It's the reason I have so much faith in Bollingers as there is no personal bias's drawn in.

Cheers.

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FYI - I didn’t bring you into the conversation today. Another poster did which I had to counter. The majority of my post was directed at them, not you.

@Rossi70 - that’s not surprising, if you hadn’t noticed of late - the Bio sector is flying and is an outlying indicator above and beyond TA. Much like BMCG is to WKT.

Confirmation of the breakout direction from the descending triangle pattern is nearing. The big red bar to close out the week tells us a little more whilst the 11c line is being wedged for dear life. I have traded WKT numerous times, so my bias is only toward making money, not losing it.

WKT Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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