Australia's largest stock trading and investment forum Australia's #1 stock forum

Disgusting result today. But interestingly both down days volume...

First 1159 Last

Share
Profile

Follow
Beany72

3,285 Posts.

5

19/11/16

10:26

Post #: 20735273
Share

Originally posted by Jako64 ↑

Yeah, I saw what happened.
Wednesday's bar was a breakout bar of sorts, and I know from experience there is a reasonable chance price would come back and test the strength of the breakout at some point in time (it probably happens about 65-75% of the time after a breakout.....and sometimes it is successful and price accelerates away after the test, and at other times the testing fails, and price either resumes in a sideways trading range, or it breaks down and starts a downtrend).
I just hoped (for your sake) it would be in a few days time so you could get a bit more out of it.

Keep watching it and see if you get another test for a second chance at it.

I have the breakout line at either 98.5cps or $1.00, depending how you want to draw it, a nice low volume test bar at that level, may be worth it.

View attachment 341174

cheers

Expand

Disgusting result today. But interestingly both down days volume is less than the up day? Do we read anything into that?
Upvote

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 1,300 more messages in this thread...

First 1159 Last

SPONSORED BY