Member Info for SadAct

Well I think I must be getting very confused here, perhaps I am looking at too many charts.
For me, what characterises a double or triple bottom seems to be it reaching approximately the same low (as you state). There also appears to me to be a symmetry in the double bottoms which appear (almost) identical. Perhaps I should say very similar, not "almost identical"!
In addition for a triple bottom, the symmetry continues although the period to the 3rd both is occaisionally longer. The other characteristic of a triple bottom is the obvious near equivalence of the intermediate peaks (more symmetry) as the price reaches the neckline.
All in all, this all seems too clear a guide to share price movement to be ignored.

I have my set of notes prepared, actions listed, troops deployed, equipment tested.

Once you start looking you can find them all over the place, even OCDO there appears to be another
between October and December 2018

Yes, the June double is very clear, about 3.5 weeks between bottoms.
The August double is not so clearly a double bottom to my eyes.

I'm in a garden centre cafe making notes for tomorrow. I am going to try to be more rigourous this week in applying the rules. Ha, how long will that last do you think?

You are a chartist and an optimist.
I can see a nice double bottom in may and aug on ezj.

Decide my score for the last four weeks is
Good investment decisions : 3
Learning experiences : 8
Looked at the Metro Bank graph, oh la la, glad I wasn't in there.

Have to go out right now, will be back in an hour or so.

Yes, I remember you mentioning the triple bottom, well done.
I am going to give it more thought but seriously thinking about selling one tranche (I have two) first thing tomorrow as a small"re-insurance" bet.
I am in deep shark infested waters with NMC so will take a quick small profit as soon as possible.

I have been raeding about double bottoms and looking at some examples. I am wondering whether OCDO is just on the cusp of recovery from a double bottom (share price about to reverse and rise and hence a hold) or going into the third dip of a triple (share price continues down another 80p+ and hence a sell). Ha, I guess only time will tell. Whatever happens then I am fairly sure the neckline/confirmation line is at about £13.50.
Have a look at some of these double bottom examples, some show a false start to a third dip before rising above the neckline. From my reading, sudden increase in volume of shares trading is an indicator....but obviously only after the event.
https://www.google.com/search?q=what+is+a+double+bottom&client=firefox-b-d&tbm=isch&source=iu&ictx=1&fir=WkmtImKrRFDQkM%253A%252CmG2PWdHcqLhvUM%252C_&vet=1&usg=AI4_-kTkTcQlT65K5t691mmVWGxQxV5ljA&sa=X&ved=2ahUKEwjHvvX7gNbnAhVJPcAKHRvnDawQ_h0wHnoECAYQCQ#imgrc=WkmtImKrRFDQkM:

Morning T, hope I am not disturbing your Sunday reveries. I have been studying the OCDO graph again over the last few months and I really think you have identified a triple bottom in the making. If I was to be picky, then it should continue on present trajectory down below £11 (ideally to a minimum very close to your identified £10.89/£10.74 minimum) within a week or 10 days. Then, if you are right, and I think you are, i should rise to around £13.50 after another approximately 3 months.
I am currently trying to get to grips with the new IG trading platform, it is very different from the one I am used too. There are advantages though, for example the live price chart is much better and instant to refer to. It's an uphill struggle for me to change, I like it but am not sure if I will use it tomorrow. At the moment the old platform is also available.

I read something about it on Investopedia, interesting. I'm a little concerned that the examples show the period of these triple bottoms to be of the order of months. Here is a nice YouTube explanation.....
https://www.youtube.com/watch?v=cNFDh96DuZw

Blowing a gale here but we still have power.
Looking at this weeks OCDO graph and yes I can see that we achieved a minimum on thursday ( a shake) of 1126.5 at 11.00.
I assume this to be the first bottom. I am looking for subsequent bottoms at close to the same minimum level. I can see two lows at 1150 and 1151 a few hours later. Are these what you interpret as the second and third bottom?

Does anyone take significance from those trades transacted after the close? Can they be any sort of indicator for the next trading day or are they just market makers balancing their daily book?

Bought NHC at 761, didn't buy many, hoping to make a quick small profit towards next weeks target. I don't feel I know enough about the company to stick with it and using you system on it, anyhow, I am trying to reduce my holdings (that was another note to self)
The secret to meeting targets is to keep them comparatively low! LOL But then 40 weeks times small profit is a small profit multiplied by 40!!
I have the benefit of a pension to pay my bills, so I am rolling over the increased (or decreased) number of shares each week but will take some money out before too long.

Please post the web address of any article you think is worth reading on fibonacci and I'll try and keep up.
How did you get on this week T, I guess you may be classifying this week as another of your holdiday weeks?
The inexorable drift down and low volume leaves no opportunity to make profit.
I can tell you already that I am going to continue with your system although I may try to make more use of limit buys and sells.
Have a good weekend, I already have the red wine breathing

If I get time, I will have a look into fibonacci series info too.
Yes, managed to buy back into LLOY (two tranches) with increases in share numbers so my weekly figures will look slightly better.
Please keep this to yourself but I also bought some NMC for a little excitement.

Was that a tumbleweed I saw going through this board?
Excuse me, I think I'm demob happy for the weekend.

Similar things were said when Carillion were in trouble. "It could never go down, the government wouldn't allow it"

My most consistent AIM winner has been WJG (although maybe it's not AIM anymore). Got in just above 120p about 3 years ago after an article in The Times (they build student accomodation mostly presold before they start building). Have traded them off and on ever since, now they even pay a dividend. I sold at about 256 about 3 weeks ago, neatly missing their latest run up to an all time high!!
Woodford had about 9% of them I think, when his funds got into trouble, which affected the share price for a while.
Another of my AIM shares is RENE which I had bought at about 2p a very long time ago (2.4p rings a bell). I made some money, they made real progress had a 100 for 1 (or was it 1 for 100 restructuring) then they went to the moon, about 320, I was quids in, sold some, should have sold them all, the collapsed and have gradually, slowly recovered. I don't trade them but I do watch them every day. I can remeber not being able to trade them in the quantities that I attempted but if I did it in 3 or 4 tranches, it was OK. These were effected by Woodford too, I think he held 40% (??) when his fund was wound up.
Yes, AIM can be fun

V: I have a soft spot for AIM and other shares that don't attract stamp duty. Especially keen on WJG, TCM and HUR. (one of my worse performers of late). So I was just wondering how you are getting on with yours?