Was hoping to renew contact with you,delirio5 to get some more info,in simple terms on this QA "method" of yours.
I've been holding for a while,few weeks.Have been pyramiding up from 306 which I read as Base Support from my "limited" TA.
You can see in my previous posts on this thread what my angle is on this.Basically a run at collecting that Special Dividend and holding still at profit when the ex dividend fall occurs.
I also "feel" that Washington Soul Pat Companies are going to capture the Popular Imagination when this Market gears up again.Soul Pat Respectability and superior Qualities in Management will be compared to Wazza Buff[Buffett]who in my opinion is very overrated by Retail/Mums'n'Dads as a Guru for Pilgrims to Mammon.
Anyhow I'm real keen on New Hope.It's shaping as my major ploy for this year [if Dye don't get a wriggle on!]so chatting with you,delirio should be real educational.
I'm reading my chart this way-
Friday's price action-well it's a terrible candle doing a reversal like that over a Gap 391/402.
The run of positive days last week screams consolidation/retrace.
Where could it retrace to?
Well there's a support at 365ish as well as the 150D[30wk]MA in the 350's.
Breaking thru that Long Term Average will bring the attention of the Weinsteiners to New Hope but a "Wine in a Stein" player will be expecting a Text Book retrace to the MA before buying.
Ever heard the old Market Maxim,delirio that the Good Ones Never Come Back?
If it applies in NHC's case?Then what we have is a Continuation Gap.One that don't get Closed and therefore not much retrace,if any is going to Happen.
This rise was not on any particularly startling news.Just a MD power point presentation to some Brokers Conference.So I reckon that bodes well that NHC COULD maintain above the $4 support.
This QA you do,Del.Can you tell how much of the Free Float is in the hands of "Sharpies",THEY who are Leveraged/Short 'n' Hedged?
They who have to Sell on any and all price twitch?
What's your reading of the Shareholder Base in New Hope?Is that part of your QA method?
cheers.
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Last
$4.64 |
Change
-0.090(1.90%) |
Mkt cap ! $3.905B |
Open | High | Low | Value | Volume |
$4.72 | $4.75 | $4.64 | $7.529M | 1.616M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 51852 | $4.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.65 | 4114 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 79299 | 3.030 |
21 | 168806 | 3.020 |
13 | 148258 | 3.010 |
11 | 81121 | 3.000 |
5 | 26338 | 2.990 |
Price($) | Vol. | No. |
---|---|---|
3.040 | 43989 | 3 |
3.050 | 80005 | 5 |
3.060 | 78197 | 4 |
3.070 | 73070 | 5 |
3.080 | 30108 | 3 |
Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
NHC (ASX) Chart |