XMD 0.63% 10,489 s&p/asx midcap 50

The Big Boys, page-834

  1. 1,751 Posts.
    lightbulb Created with Sketch. 12
    @Create, TLS is interesting long. It's in a Wave 1 - 2 on the monthly chart. Normal pullback to expect is a 61.8% retrace and TLS finished right on that this week, with capitulation.

    As a rule though I won't go long when the chart is pointing straight down and I'll wait confirmation.

    Wave 2 can still sometimes fall to 75%+, I assume it's still full of stale yield chasing retailers who will be slow to shake out and so there could be a bit of selling still into any rally and also in a broader market correction a grind down sort of basing pattern.

    Too risky for me to bother with a bounce trade here but I have moved it to my long watchlist nevertheless.

    Some nice trade ideas being spotted in the last few posts in this thread.
 
watchlist Created with Sketch. Add XMD (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.