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18/03/18
12:41
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Originally posted by chillicapital
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Mr Market generally speaking is a stupid man. So short term anything is possible, and Mr Market may sell down.
Having reflected on the chart, I think 31.5c is possible, before next leg up. What price to start buying depends on one's position requirements (extreme prices on the swings, normally don't have a lot of volume going through it).
38.5c to 41c is a strong resistance level, and if conquered, would signal for a strong uptrend. Price action at these levels should be watched carefully for trend confirmation, and acted upon nimbly, as uptrend moves can be significant (as seen on Friday).
Long term overall, NZC is a great buy right now, as the odds are stacked in its favour and the future bright.
Funny thing about sharemarket, when you don't care about the money (not under pressure to make money), trading decisions made are normally correct. Getting our emotions under control is the trick; some struggle with it their whole life.
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Being controlled by emotion is disempowering for anyone who trades.
Anyone trading in Congo stocks will be under enough pressure from gov mining changes.
I also hold NZC and TAR.
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