Cold feet - nope!3 Dec 2024 20:23
Its a trading pot - this stock is a rock solid buy, but selling a small percentage holding trading pot, which I bought on the basis of a triple bottom at 0.17/0.18 and a weekly doji, because of a couple of charting signals is not exactly a sell off , is it now.
But I have been tracking 2 key stocks (one oil, one tech), for about 4 years, both I hope with strong future growth potential, to what I think are vastly oversold lows. So I wanted to take the oporunity to add my trading pot there today. Which I hope is going to be as beautiful a beast, as this will be, I think it is at the bottom, but who knows.
If you look back and at the daily chart here in Aug September at the lows, there are unfilled gaps of the lows at 0.05, which were never filled, they are protected by a triple bottom formation with tops around 0,11 from the placing stock churn. Which when the stock broke out of it went straight upto hit its weekly 200 day line at 0.37, but if you look at the weekly chart you will also see that this stock had already has formed a base , over the the last year with spikes to .17 / .2 which protect that whole area beneath, and now we also have that triple bottom with tops at .22/.23 which looks solid. But later today we have also bounced off resistance (following the initial rise) at 0.27 , so it may just go straight up again from here.
The other stocks chart is similar in formation to our lows, with an unfilled gap up from a 10 year low with a triple bottom above it. Today it had retraced retraced and bounced off its triple bottom. When that stock moves it moves quick, last years spike was 10p in a day, but I am not willing to risk selling any more of my holding off here, to do more buying there. But hoping to be here with a bigger trading pot soon, to help us upto 0.7 and beyond.
But who knows, depends if anyone buys there first - I am fully invested there and here - but now out of cash, not wanting to sell either, with a small trading pot to play with.