Totally agree with your point, as I have said repeatedly, the market is so new any chart analysis is vague at best; however saying that after studying thousands of charts since getting into trading it is startling how many levels, trends, patterns ie head and shoulders, double tops etc, different triangles, flags etc etc etc actually pan out as being very accurate. When I originally did a course on it I was surprised to find out that there are companies all over the world that just charge a fortune for doing TA for would be investors.
The reason I posted about the pennant on this occasion is at the moment there is no news and unlikely to be until more holes are bored or a release by the company, but there are still traders about and the market will do something whilst we are waiting. The market was showing signs of a very slight rise at the time I posted, this could have given a signal for other less experienced on this thread to invest, but a pennant to me on a possible down trend says 'hold' as it may be a continuation pattern. I am looking to add more to my holding at about 40 unless I see a clear signal of a possible reversal or more news comes from the mine in correlation with the info on this thread from those who know about the mining process. Fair point though FeO you either trust it or not. Be Lucky
Totally agree with your point, as I have said repeatedly, the...
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Last
$4.08 |
Change
-0.090(2.16%) |
Mkt cap ! $918.1M | |||
| Open | High | Low | Value | Volume |
| $4.09 | $4.20 | $4.06 | $333.3K | 81.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $4.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.10 | 140 | 1 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| ADT (ASX) Chart |
