RE: Today's prediction28 Sep 2018 15:01
"Once 535 was gap filled I saw a retrace then slight recovery from there before rest and test...So it apeears you are short and if at which point did you go short." georges123
Allow me to ask why is 534 relevant? You came in before that price, correct? What made you focus on some of the higher entry prices? I assume expectation for news or something...
I always remember the classic rule that once a share bounces from a barrier (in our case 580 and 570p), it then takes several days before the Sp can regain buying power and stage a rebound. TA its very rare that a share drops over several days and then suddenly makes a rebound back to the beginning.
(Here we exclude all irregular trading environments, such as sudden company news, takeovers or dead cat bounce.)
IMO its best to allow the bearish wave to evolve gently on its own, and the market deciding its bottom. This is why I rarely buy the bottom. Even last time when you bought nicely nicely low as from 430ish bottom, I only bought KAZ during the rise from 482 and 496p.
When is the next time to buy? Tradesignal-online candlechart signals it to you by a decent sustained rebound, with some fat 5% plus or more.
No, I am NOT shorting at the moment. Our latest target was merely pointing to 526-528 and 517p at best.
Also remember that since the 430ish bottom the other day, followed by a massive reversal to as high as 599p(!) KAZ broke out from the old downtrend and entered a valid new uptrend. Not good to work with shorts when a share enters a new long term up-trend channel.
(Totally different scenario when KAZ broke through 1000p and was pointing to a 500 and 400p target.)