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Namronette

1,529 Posts.

3

16/06/17

14:18

Post #: 25318662
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Originally posted by Jako64 ↑

Sure,

Firstly, I had traded this previously, before there was any prospect of revenue.
So I had this on a watchlist, as the fundamentals appeared promising........

Anyway, back in early February, a combination of potential support, and reduced selling pressure produced a low of some sort (there was no way of knowing if this was 'the' low at the time), and the decent response higher following it, suggested to buying (up) came in, then a higher lower with another response higher made it even more interesting.
Price then bumped along the potential resistance line at 2.50 for a while, before pulling back to test the lows.
Then in late March there appeared to be a period of absorption, with a 'pressing nature' towards the upside, and relatively tightly clustered closes, this was my indication it was worth buying into very soon.
Now I was looking for an entry.......and I bought twice, both in the middle range of the shakeouts, a couple of days apart, and was only briefly under any pressure on the second shakeout (I wasn't expecting two of them....), before price accelerated away.

View attachment 610869

cheers

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Excuse the perhaps totally ignorant question, but what sort of chart are you using?
It looks like a normal bar chart, except it only shows the closing price and not the open.

Last edited by Namronette: 16/06/17
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