@Brumbypat - thanks.
Not so sure I want his advice (but it looked that way, yes, I know ), I generally give it to others! I've posted 12 months Chart below (DAILY), and to be frank, this is going down, and I'll admit I was wrong. I use "Price Action" (only) - what is the market actually doing, as reflected in price (no price derivative technical indicators, trend lines etc, same as in Forex and Commodities trading etc.)
Buying into weakness, at support, is the optimal place, a high probability setup, you find out very quickly if you're wrong, and lose the least. It could have held (as before), or slammed through...the latter happened.
If that doesn't work out, then you admit you were wrong, and move on....it didn't work.
I think the double bottom of 5.91 was a trap - clearly had a lot of stops hidden under there, triggered and raided, with potential waterfall effect.
If that doesn't work out, then you (me) admit you were wrong, and move on....
I'll reconsider at genuine Support of 5.33, 25 Jan, 2016 (look left)
@Brumbypat - thanks. Not so sure I want his advice (but it...
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Last
$8.63 |
Change
0.000(0.00%) |
Mkt cap ! $966.0M | |||
| Open | High | Low | Value | Volume |
| $8.59 | $8.64 | $8.57 | $1.505M | 175.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2120 | $8.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.64 | 3430 | 9 |
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| Last trade - 14.18pm 29/11/2024 (20 minute delay) ? |
| CKF (ASX) Chart |
