Look at this baby fly.
Cabbie that last post of yours was so pathetic that I gave you a Like for it.
Make that the second last one. "CS people" was nearly as bad.
What do you think about my advice of buying into something the market likes, boots?
Even for someone that should never buy stocks and knows nothing at all about the market, that should be easy enough to understand.
CS, could it be Cabbie Sucks when it comes to charting.
Your posts are getting more pathetic, Cabbie.
You should quit while you are behind.
Can i join in?
Heres a chart.
Ok as you can see top was top.. For now.
Macd big bear ATM.
Now if Bullish. and it could be really good trade ONCE it breaks the downward Parralel lines.
And because its broken my black line. I think its going to show us where wave1and 4 finished??/ My guess To show us elliott?
Then>>>>> 1 may say Early entry Cup and Handle, and as you can see. could make an Iverse H and S. Complex no doubt.
So wait for the break.
Has this stock got any FA. Like possibly a ship load of gold?
Or Is their some NEWS very soon?
If so Tell me when, since ive done the chart!
I cant see any Cup & Handle, MLF.
At one stage it did have the potential to be forming one when the bottom of the cup was at the start of this year but when the time was right for the handle to form, the price kept going up.
Also the descending trend channel seems to have only one touch on the support line.
I believe it's better to look at this:
And run for cover if the price falls through the support line which it probably will, if for no other reason than the market doesn't like this part of it.
Let the trend be your friend till the bend in the end.
There is no bend in these type of stocks, just an abrupt ending of the road so you should drive with extreme caution.
It would be even better if the road was not in Africa. Keep to the highways in Australia.
The rounded line needs to be drawn BELOW the price movements.
It's like a rounded support line.
The price has penetrated the resistance line, which is usual in a descending wedge pattern. Although for the price to gain that much in a day with no announcement makes me wonder how much of a genuine move it was.
Now it needs to make higher highs and higher lows. I think it has a difficult task in front of it. Wrong commodity. Wrong part of the market. Wrong timing. Wrong country.
At least this is more interesting than watching MNS with it's 3.25 years of lower highs and lower lows just continuing with that.