RE: CHARTS -T LINE TIPS11 Nov 2016 14:05
ctag update for what its worth
Aberdeenman
Posts: 3,043
Premium Chat Member
Off Topic
Opinion: Strong Buy
Price: 10.125
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RE: Aberdeenman
Today 12:43
FSA,
Like some others, I am certain news early next week.
I think they messed up a bit with regards timing of the last RNS/Timing of the forthcoming one, but what is done is done.
The next RNS will be the one that completely turns sentiment around and puts us on the correct trajectory, back into the 20's even 30's, (IMO)
I had thought it would come by the end of this week (posting last week) but these timings are never certain so far in advance.
I have zero doubt about where this is headed, and am looking forward to a very large return on a large holding :-)
I believe AMIT is still travelling, however the RNS is not dependant on his physical location.
Aberdeenman
my post on their board yesterday
gOOD afternoon simpson39michael and Seahawk
charts cannot predict future price movement. no one can. what my T line blue ema set at 8 can do is keep one in an uptrend as long as price closes above it and keep one out of topping up and averaging down if it closes below it.with one caveat. if price races too far ahead of the T LINE consider locking in paper profit, applies to longs and shorts.and in the case of a plumetting price chance to top up average down or buy if one believes in the share. it can also assist with cutting losses short.
Three false buys on the current downtrend so not infallible but neither are rampers and respected posters. e.g. ABERDEENMAN'S post last Sunday 6th reproduced below for ease of reference. On Tuesday 8th after the predicted RNS published just AFTER the market closed on the 7th price plummeted to 8p FROM 14p!!!!!!!!
ABERDEENMAN NOV 6
CTAG
week ahead
Sun 17:31
I am expecting some good things this week, and the following.
We shall see this back in the 20's if not a little beyond.
The timing is now upon us, feels like we have waited a while for this to happen, but for most of us, we cannot complain too much. I do understand there will be some underwater at the moment, but you will be fine shortly, then it will be all eyes on the forthcoming period for more deals, distribution, premium placing and approaches.
Not one to be out of, however tempting that may be in the next few weeks.
Of course a profit is a profit, but lots more to come here in a relatively short space of time.
All IMO of course ;-)
Aberdeenman
.
A lot is made of the notion that charts cannot predict an RNS. Did ABERDEENMAN predict that the RNS would cause the price to plummet ? He maintains future RNS's and price will recover to 20p and may well be right.
I prefer to follow price movement which is at a crucial 76 percent fibonacci retracement level. but below my beloved T line. If PRICE closes above the T line on my 4 hour chart I would be tempted to buy AS RISK/REWARD looks ok but one should make your own decisions
Good luck investing trading..
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