RE: Very toxic this morning.21 Nov 2022 10:50
Watching - yes all the LTH's know the resistance is 140p, because the LTH have sat thru the fall backs each time over last months. I know the resistance is 140p and im not a LTH? how?
By using the chart.
So the chart works for me as i sold the last time it hit 140p and bought back and i could see the selling dropping off at that very point of resistance. Had it moved thru the resistance i would have bought more.
I've bought back in now as i see support building again at a technical EMA which i use having used it many times before.
Its not about the LTH's yes they are the dedicated ones enduring all the comers and goers and i have been there myself can be very annoying i understand. Everyone has a different way of identifying, investing in stocks.
The chart tho already told me the resistance was at 140p watching. Basic traders will wait for the break of that resistance and buy the break.
AVCT tho is more than just a trade. I believe its got alot more going on than 99% of the stocks on aim fundamentally.