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Welcome,
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TOPIC: Trendfriend.
Trendfriend. 22 Oct 2015 09:12 #1
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Trendfriend,
Many thanks for the write up  It is the correct stock.  Thats where i was, a little bit contradicting with the weekly and daily.  I took the trade from 41 up to 62, just waiting to get back in!  Volumes are low, it used to be held by lots of institutions.  I'll wait to see what happens.  Thanks again. |
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Trendfriend. 22 Oct 2015 00:20 #2
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This is a tough one Longterm... you don't give it easy
I hope i have the correct stock here!!firstly this is long term bearish... weekly uk.advfn.com/p.php?pid=chartscreenshotsh...El0y4pJz8rGNfgENDTs= close up weekly this has been range bound and making lower lows, and still below the moiving averages..nothing to get to excited about imo... uk.advfn.com/p.php?pid=chartscreenshotsh...bjbX3WNUMQoEIRvzI4I= two charts on the daily. uk.advfn.com/p.php?pid=chartscreenshotsh...o%2FNb5Op2GMUK5ao%3D uk.advfn.com/p.php?pid=chartscreenshotsh...0j5MAZCNnq7C+74Ej28= The volumes on this are quite low, always hard to call a stock with low liquidity... If this breaks above the short term trendline/bull flag best case for upside is 1.2 area. it could come down retest the moving averages and bounce up again. A break below those moving averages and quite likely a now low... I assume your long here.... if your in profit i would suggest bank half... and watch what happens...Quite often stocks that hit rock bottom.. just tend to move sideways with occassional bounces and dips..simply no sellers left, but no buyers as well..  To be honest i see better trades, and this is one to trade with great caution. Stops are a must. For the best low down on Gold, follow Oscar, as he is usually bang on the money, and one can learn a lot from his videos. www.livewithoscar.com/commodities/DailyVideo.aspx Hope that was helpful.. Regards, Trendfriend. |
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Trendfriend. 21 Oct 2015 13:10 #3
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Thank you.
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Trendfriend. 21 Oct 2015 13:04 #4
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Trendfriend. 21 Oct 2015 11:48 #5
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Would you mind casting your eye over MML please? Medusa Mining in Australia.
I was looking to take a position and Gold is looking stronger. A few charts, as you usually do, would be great.  Seems very quite on here lately? I havent traded for a while, looking to get back into it shortly! |
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