Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: KAZ - time to short?

KAZ - time to short? 28 Feb 2017 08:03 #1

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 932
  • Thank you received: 1249
  • Karma: 27
Hi Austin,

nice trade with short scalp....

tbh, with the main markets in strong bull mode...i'm just not thinking shorts atm... got a long cap on now....
Just it think it's too risky (for me anyway)to short anything atm.....as we saw with premier yesterday....buyers are looking for and buying dips..... no matter how bad the stock looks....

stay safe, atb, wdik, dyor,

trendfriend :)
The administrator has disabled public write access.
The following user(s) said Thank You: Austin67

KAZ - time to short? 27 Feb 2017 19:53 #2

  • Austin67
  • Austin67's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 30
  • Thank you received: 17
  • Karma: 2
I wasn't suggesting a full on reversal, just an opportunity - worked out nicely first thing this morning for 40 points. I'd still look to buy a decent pull back but I do think this is potentially worrying:


ScreenShot2017-02-27at19.38.56.png
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend

KAZ - time to short? 27 Feb 2017 07:53 #3

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 932
  • Thank you received: 1249
  • Karma: 27
This to me still looks to be in buy the dips mode......

Any p/b's to the (or close to) the 50 day ema line is a buying opportunity imvho. with a stop below the pivot at 432p.

That was a big move down Friday, but it bounced back, until we get a lower low, the uptrend is intact imho.
shorting is against the trend and high risk.....safer look for big to go long....but wdik....

atb, wdik, dyor,
trendfriend
kazdaily27feb2017.PNG
The administrator has disabled public write access.
The following user(s) said Thank You: Austin67

KAZ - time to short? 26 Feb 2017 15:04 #4

  • Austin67
  • Austin67's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 30
  • Thank you received: 17
  • Karma: 2
Managed to sell at the bell on Thursday, glad I did. However, disappointed I didn't notice this (IMO) near perfect shooting star; would have been nice to have been short going into Friday - hope someone managed to make something of it!

ScreenShot2017-02-26at14.57.27.png
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend

KAZ - time to short? 25 Oct 2016 18:36 #5

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 932
  • Thank you received: 1249
  • Karma: 27
Kaz Daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...F5YTfxttHmUB7+AtbR0=

you could well be right Austin, that trendline you have may hold, given that the rsi is well overcooked at 80/100.
I just don't think it's worth trading against the trend here, especially given the poor r/r basis and target for any shorts.

with all three moving ave's pointing up, and even the trend channel has been busted higher, the right trade is long imvho.

look for a p/b to the 20 day ema as a buying opp, with the broadening triangle giving a best case target for the upside at 400p+ ;)

as always imvho, dyor, wdik and atb,
Trendfriend :)
Last Edit: 25 Oct 2016 18:52 by Trendfriend.
The administrator has disabled public write access.
The following user(s) said Thank You: redchilly, Austin67

KAZ - time to short? 25 Oct 2016 12:09 #6

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 256
  • Thank you received: 145
  • Karma: 8
I actually have it a new high. Also technical resistance is exactly here (268-276 is my view). If it were to break that resistance, it might fly higher. Might be wise to wait for more evidence that the move up is tired. Daily and 4h trends look quite strong at the current time.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
The following user(s) said Thank You: Austin67

KAZ - time to short? 25 Oct 2016 10:56 #7

  • Austin67
  • Austin67's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 30
  • Thank you received: 17
  • Karma: 2
At the upper limits of the channel, been overbought on the RSI for a while but price no longer making new highs. Thoughts?
ScreenShot2016-10-25at10.54.41.png
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend
Moderators: remo

Time to create page: 0.344 seconds