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20.0¢ potash minerals limited

Where do you learn all this... you must seriously be the best...

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moesoeloe

3,547 Posts.

03/09/15

19:59

Post #: 15931992
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Originally posted by mitta ↑

hi sasimon... need to be careful with POK atm.. if we start way back to the left at its beginning of that trend.. we can see good volume initially then those two high volume upbars ..

all fine till then but along comes that two bar reversal looking thing on big volume (always, always take note of high volume down bars that immediately follow high volume up)... that setup (2bar reversal at high) is in control,, they changed tack there and from there its quite easy to see its being distributed .. note the other bearish signs each time it attempts to rally.. all the low volume action of late is simply them not supporting the price, it will generally just drift/mope around like this whilst slowly heading lower.. need to be watchful cause imo it may quickly break lower .. also one other thing .. watch for how positive the daily action is after their next (good) announcement .. I can bet that price will get flipped lower after a possible skip higher.

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Where do you learn all this... you must seriously be the best trader on hot copper hands down based on your technical skills...

POK Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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