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@Ratknapp
Cool; well feel free to PM me if you want some more resources on it.
@bigsmoke
Haha, merely testing if Ratknapp actually knows some substance about what he/she speaks.
Otherwise, anyone can pretend to be an "expert". Even me! ;)
Ratknapp - and as evidenced on the 24th of July 2018, crossing above the Kumo is alone not a good indication of bullishness. Wait for the lagging span to breach as well, wait for the Kumo angle to increase on the breakout, wait for a pullback to and bounce off the Kijun Sen... and then maybe Ichimoku is giving you a good amount of confidence for a bull run!
But right now Senkou Span B (top of the cloud) looks like it is holding firm as resistance. Coincidentally also at a resistance point in a triangle pattern.
Agree that the Ichimoku system would have been well placed to ride that thing down in a short.
I was gunning, hoping, for 10p, but MMs were far too switched on to this piece of news. Lowest quote I've had was 16. Haven't bitten (yet).
Grab your popcorn peeps, this show may even have a satisfying ending! (Probably with a lame sequel however...)
So the annotations aren't a strong-enough hint at what might be to come? (Honest question.) Usually I do provide further thoughts and reasonings but thought I'd allow this one to have a bit more left open to the imagination!
First one I've done in a while, trying out a new technique. Thought SML - one of the first stocks I ever traded in - was a decent subject to test on. Liked what I saw.
https://uk.tradingview.com/chart/SML/CjxVoexo-SML-StragegicMinerals-Beauty-of-a-weekly-chart/
Good luck all.
Irrespective of what you think of the company right now, that was a very neat technical bounce back off 1.5. Dead cat or otherwise, this may at least find some stabilising legs for a bit due to the speed of the drop that preceded it.
Hi All,
Long time no see - usual Life's Too Busy excuses etc etc...
Just wondering if anyone's played around with the new LSE beta site yet? I got an email saying I can have a go, and it's interesting in that they've decided to use new technology to try and make it look just like the old one. Because that look didn't need a lick of paint lol.
Also interesting to discover that they've promised that 'M' will disappear when it goes live because "No share should ever exist with just one character, M was a mistake on our part and shouldn’t ever have existed." But it's ok, a refugee camp will be set up in TGBA. Or failing that, here I guess:
http://www.lse.co.uk/general-chat.asp
It's not surprising at all as I look at the chart in front of me.
I like to think of it as the "AIM good news retrace". Happens all the time.
It goes a little something like this:
1. Buy on rumour.
2. Sell on news (sound familiar?).
3. 76% (Fib) retracement back from recent high towards recent low.
4. If news was good enough (like a new asset), SP starts rising again...
"Sales increased by 1,500 tons compared to December quarter 2016 (prior to introduction of Cobre's major client)"
Yeah ok that's a bit of spin in the highlight. Generally the market wants to know how it compares to last year, not the year before!
Not sure how the market will react TBH - overall for 12 months 2018 matches 2017 in sales figures. But the decline in the final quarter compared with the same quarter the previous year is very stark.
But the year ahead is a promising one so...?
I feel Friday needs at least one post ;)
https://xkcd.com/2094/
https://www.forexlive.com/news/!/three-things-caused-the-flash-crash-in-forex-market-20190102
Seems the Japanese Yen pairs - with holidays there resulting in low liquidity I guess - started the ball rolling (perhaps after a fat finger or two?) and suddenly all FX pairs did steep jumps within minutes! Haven't seen an event like that in a while...
Haha not copper and techs, "HotCopper" has a stupid name but just an investing forum like this site, and medical biotechnology penny stocks are going nuts there ATM. I was just highlighting that AIM is not the only crazy P&D show in town!
As for the Aussie economy in general, sitting on a cliff edge with too much reliance on a falling housing market in the South East and commodities North and West of the country. If both of those happen to bust in the coming months or years then we'll have a depression like no other that has been seen for a while...
Afternoon/morning all,
If you want some entertainment, check out the performance of Australian small cap biotechs these last few weeks...
It all began with BIT (Biotron) that 20 bagged in that space of time, and now there are massive P&D operations all over the sector as people just pile in (and then traders bail out of course). Eg. MEM 4 bagged in a day, BD1 did 200% yesterday and another almost 100% this morning (before the dump). RHT a sudden bagger too out of nowhere. A lot have had to put these out:
https://hotcopper.com.au/threads/ann-response-to-asx-price-and-volume-query.4501655/
Nuts!
Also over on the Hotcopper forums you can see a lot of people post-rise left holding the babies too wondering what went wrong...
Well I wasn't expecting that kind of bounce quite so soon! Interesting to see if that was the bottom or if it'll try to go lower one more time...