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TOPIC: Trendfriend.

Trendfriend. 22 Oct 2015 09:12 #1

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Trendfriend,

Many thanks for the write up :P It is the correct stock. ;)

Thats where i was, a little bit contradicting with the weekly and daily. :silly:

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. :S

I'll wait to see what happens. :whistle:

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 :S 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.. :unsure:
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. :)
Last Edit: 22 Oct 2015 00:32 by Trendfriend.
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Trendfriend. 21 Oct 2015 13:10 #3

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Thank you. :)

:whistle: :whistle:
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Trendfriend. 21 Oct 2015 13:04 #4

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Sure, will take a look tonight...
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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. :whistle:

I was looking to take a position and Gold is looking stronger. :)

A few charts, as you usually do, would be great. ;) B)

Seems very quite on here lately? :unsure:

I havent traded for a while, looking to get back into it shortly! :whistle:
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