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just wanted to refresh something I wrote in January :) "next target - 89 second target - 110 (38.2% Fibonacci retracement) 3rd target - 125-130 4th target - 156 (if we cross this one we got open way to the first day of IPO 230)" we spent a bit of time around 156 :) but now we have open way till first day of IPO once this is cross there is no more historic resistance for this share ... if the good news will follow this might be going nicely higher, next target is the highest point from the IPO day which is 229 so once we break that and stay few days above this point we should be fine :)
you more than welcome to go short, you will be buying later putting price higher to close your positions or by your stop loss, but looking at the volume of the sold positions yesterday and today you haven't sold much anyway :)
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nothing goes up all the time, short term investors are taking profit, if you look at my other post back in Jan "looking great" I highlighted the 156 area as possible stop before another move up. the price need to have a small correction and consolidation and we can try again with 156 ...
TGC11 this is the hardest part to predict so I wouldn't be able to answer your question, from the chart you can only see resistance/support levels, overbought or oversold market, volume etc but you cant predict the time frame when some stock will reach certain level, before it can get to the IPO level it need to break 155 first (in my opinion), below are some technical events which happened in the past few weeks and more and more bullish events start to appear, 30 Jan 2015 Triple Moving Average Crossover (4-week 9-week 18-week) Intermediate-Term Bullish 30 Jan 2015 Bollinger BandsW Short-Term Bearish 28 Jan 2015 Price Crosses Moving Average (200-day) Long-Term Bullish 23 Jan 2015 Commodity Channel IndexW Short-Term Bullish 16 Jan 2015 Price Crosses Moving Average (21-week) Intermediate-Term Bullish 13 Jan 2015 Double Moving Average Crossover (21-day 50-day) Short-Term Bullish 09 Jan 2015 MomentumW Short-Term Bullish 29 Dec 2014 Price Crosses Moving Average (50-day) Intermediate-Term Bullish 26 Dec 2014 Fast StochasticW Short-Term Bullish
another good point of this recovery is the volume not sure if you been watching it but when it was going down the volume was small now the recovery came with bigger volume (so there is a confirmation of this break out ) obviously the last sentence will belong to the market (demand/supply etc)
my personal view (it start looking good) next target - 89 second target - 110 (38.2% Fibonacci retracement) 3rd target - 125-130 4th target - 156 (if we cross this one we got open way to the first day of IPO 230) if it start going down hope it won't cross 62
nice info today http://sleekmoney.com/haydale-graphene-industries-plc-receives-buy-rating-from-cantor-fitzgerald-europe/93499/ this is a small cap market what volume do you want everyday ?