Monday, 30th April 2018 09:25 - by Moosh
Empyrean Energy (EME)
I increased my Empyrean Energy (LSE:EME) holding by 48%.
Asiamet Resources (ARS)
There was no change to my holding of Asiamet Resources (LSE:ARS).
Horizonte Minerals (HZM)
There was no change to my holding of Horizone Minerals (LSE:HZM).
If you are wondering what I use to help me figure out when to buy, then I will let you into a secret….ssshhhh.
I check out the daily volume - If the daily volume is below the 20 day average volume then it’s a potential buy and hold. The reasoning here, and if you go and have a look at historical rises, sustained rises tend to happen once daily volume exceeds 20 day average volume so it makes sense to settle in on the quiet when volume is below this average volume threshold. In fact I tend to split my capital up into two – one set of chunks I buy when the daily volume is below the 20 day average volume and another optional larger chunk which I can chuck at it once a trend kicks in with volume as it rises above the average volume. This way a volume driven trend is supported with volume both before and immediately at the start of it, with interest no doubt increasing as the price then starts to rise, especially with news flow.
Remember, keep it a secret.
The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.