RE: Patience is a virtue30 Dec 2021 22:10
Hi gjh
Congratulations, mate, you picked up on my clumsy message
Many private investors, me included, have disregarded the tools professional investors take for granted, MACD, all the moving averages, RSI etc etc. These things can tell you all you need to know, if you use them correctly
Just using the MACD as a sell signal could have saved us all at lot of cash, before anyone asks, i was on holiday at the time, long story.
Today the 12 day moving average crossed above the 26 day moving average, not the signal line, which is indeed a bullish sign, i would have liked some more volume to back it up , but it is light xmas trade
I have said many times until the company has sales & profit it is a fantastic trading stock
Regarding being cautious about using technical analysis on a start up company, i think the direct opposite, TA is all the information you have on a start up company, unless there is a statement, announcement or news which will blow TA out of the water
The 50 day is at 7.47p which is not too far away
Volume is picking up
all looking good
I was ridiculed for selling shares in a falling stock, which is what you are supposed to do
Can i now be a hero for buying shares in a rising stock ? lol
ps. someone had their pants pulled down yesterday for 400k shares @ 7.45 when the ask was 7 WOW
pps THG has been a good trading stock recently
!! come one guys this is supposed to be fun !!