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mikee_P
No regrets mikee as its a little insurance if it does retreat. What I sold on Synairgen I bought on AAZ and HZM today and both those stocks may do well next year and both were heavily sold into of late. I always hold cash back to cover defensive top slicing and accept the possibility that it may not get placed back in. As I said before I have a good sized long position in Synairgen and I am happy tonight with the set up I have in play. All the best to everybody who read what we think and do. Tony
Couldn't sell any decent amount from ten past 4 today, only £2000, but at 197, was expecting a small drop, let's see tomorrow, but, it's all irrelevant till results, just a feel good factor, but well done tony
Might regret that sell at 193.
Thanks Tony
Pulling back from what? Hardly rip roaring gains to pull back from if you’re talking about Friday. If we were past 200 I could see the argument but the pull back already happened when we went to 170 from a high of 214 last month. News imminent and new variant adding more spice to the mix. Don’t think there’s much downward pressure here other than silly games by day traders.
Today on Synairgen I was using the 5 hourly data and noted stochastics on the daily had just hit 100%. Answer to question. (One hourly is not reliable).
Tony - what timeframes do you work on and what settings do you use for Stochastic? I tend to try and use %D period of 3, so think I am working on longer timeframes.
Before anyone jumps on me I trade for fun, but am LTH with a large main holding here which I don't touch
Agreed to date it has generally drifted back in a fairly predictable pattern if no sustained news has been forthcoming.
But this is a new scenario with Omicron and results anticipated in the early New year and possibly further buying by Polygon to be announced. I would expect the Mms to pull it back a bit to create some liquidity but much depends on just how fast and how bad Omicron is. Expecting more opinions from experts as there doesn’t seem much else being talked about.
I must admit that when I saw the headline to this post I though - here comes a 'de ramp'.
But I quite appreciate Tornadotony's analysis and the insight into how he invests. I guess it the difference between Tornado and a 'de ramper'. Objectivity and wanting us all to succeed albeit in different ways and sharing the experience.
I disagree and think anticipation of the readout will see this rise significantly toward the end of this year but it's good to be discussing this view.
RSI is 62 getting positive in the last two trading sessions.
Stochastic is 46
Far from being overbought.
The stock was almost near to be oversold last week!
That's what i clearly see
Elsol
90% of what I am holding is left alone on Synairgen. I am quite happy to use charts to manage my position. The closed trade positions on my portfolio since April have done well. I use charts and fundamentals and it works well for me. The position I took off was in profit and its now like a small short against a much larger long position.
In answer to your question on stochastics and so forth, I would agree that if a small stock was unlikely to be included in a sector grouping for example being labelled as a Covid-19 stock that I would not use it on a small volume trading share. I can assure you that Synairgen is being grouped with other shares in the current rally and I suspect the entire group is overbought.
And does this charting work when risk is being unwound so close to what could be a massive SP technology inflection point?
I always like to take some off on a rally when it is overbought. The tactic has enable my synairgen shares to contribute to 18% of all my gains since 5 April despite no divi contribution. It also enable me to support Synairgen on any retreat. The trading slice is around 8-10% of my holding. At some point we will see another Synairgen retreat when some other company announces their therapy between now and end of January. I then exploit every rally and every retreat. Tony
Second the question from Henners007 to Tornadotony's insightful statement
Tornadotony, Do you think stochastics, psi, MACD et al work on special situation AIM stocks with relatively tight liquidity? FTSE100, 250, 350 absolutely, but have never been so convinced on smaller cap equities.
I tend to look at the daily which looks great for another run up. I ain't trading it tho.
Stochastics 100%, RSI overbought. Took a small amount off the table at 193p. To cover any retreat if it happens.