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TOPIC: TALV.L: Talvivaara

TALV.L: Talvivaara 13 Feb 2013 07:58 #1

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Testing daily downtrend. Testing weekly horizontal support at 90.

RSI divergence on the hourly.

weekly
dl.dropbox.com/u/21384991/Talvivaar%20Mi...0Cow%20%28DFB%29.png

Hourly
dl.dropbox.com/u/21384991/Talvivaar%20Mi...ohh2%20%28DFB%29.png
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TALV.L: Talvivaara 21 Nov 2012 20:59 #2

certainly an intresting one..but a move back above 120 would be bullish....a longer term perspective showing double bottom and improving momentum does make entry around 102-105 with stops 98p also intresting ( as a break of 98p usually sees 85p next)....I've said many a share moves from 98-102 then onto 115-120 and it happens more often than chance should allow.....sometimes it's not about how's right or wrong, it's about weighing up the risk/reward....I see opportunitites where both could be correect or both be wrong and still have opportunity to make money from the 102-105 entry with 98p stop, but a busted chart support that re-enters that support is usually a strong recovery signal and I agree with both the 115 and 120 views that have been placed....maybe the other view I've given will make life even more complicated!...One thing I do know is always listen to Uncle Remo and our man Jackozy as more ofetn than not there view point is correct (doesn't always mean a winner, but there trade reasons are sound...me well I'm still a speculative risk/reward junkie!)


talv.gif

computer view (weekly)

talv2.gif
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TALV.L: Talvivaara 21 Nov 2012 13:21 #3

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Remo,

I seem to have a lot or resistance around that area.

Daily downtrend (blue) at 119.2
Horizontal resistance at 118.86 due to trading range.

Would it not be better to wait for 121? That would mean a close above horizontal and trendline resistance.

Not questioning you master, just trying to learn. ;)

Would the target be the weekly downtrend (red) at 152.6 today.

dl.dropbox.com/u/21384991/Talvivaar%20Mi...FB%29%2021.11.12.png
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TALV.L: Talvivaara 21 Nov 2012 12:22 #4

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This one looks like it may be getting ready for a 123 low breakout. The Macd has got a buy signal generated as well. The signal comes once this finishes above 115.2
One to watch.????

Bear points... This did breakout of a trading range recently and the target was roughly 60p but this seems to have bounced of 78p

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