House pattern25 Feb 2015 16:32
I was just looking at a presentation where a broker from Killik tipped Mar City late last year, but it looks like the recent fall has done some damage to shareholders. It tells me a few things 1) On AIM if the price rises into the stratosphere you absolutely must know how to play it in the days/weeks after. 2) After a big rise, it often pulls back and forms a descending triangle tracing back to where it was before the sharp rise. 3) Without using a stop, you get bulletin board full of miserable people who have lost lots and are waiting for good things to happen e.g. BLNX, AFR, QPP and many more. To me it's learning the hard way, and that's why I've stopped trading AIM stocks and watch a few of them instead. Good Luck All.
PS: I see the MAR daily chart pattern as forming a house, starting in Dec 2013. The last wall is forming now, and it's like nothing I've seen before. Is this a market maker conspiracy?