The trend is your friend and the trend is clear. I also agree that the 340-345 area is not unlikely. If it reaches those levels, then what it does next will be very interesting indeed. But, no-one can see into the future and it's very difficult to nail tops and bottoms. Difficult game.
Not sure I'm due a well done yet BT, I'm in profit on one account, but down on 2 others. Overall, still down, but a penny or so would get me to b/e. Very much like yourself in that respect.
Same here boyo, but hindsight is a wonderful indicator. I wasn't around when it fell back. I was thinking 381 or below was quite likely, but not so much 364 or whatever the low was. Interesting for sure. I'm currently sat on 380 or so average entry. No guarantees in this game.
RE: This SP is not a bouncing rubber ball - its a dead cat bounce10 Apr 2024 18:22
Retireguy, I'm hoping we're forming a diamond bottom (hope that's picked up the algo), but then I would be as I've been buying in. Bobbing about in and out of profit at the moment.
Boyo, fwiw I think it's risky too. But I've bought and think the short term will see that work ok. Was hoping for another buy this morning but I won't chase this up.