Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: FRES

FRES 22 Jun 2023 08:10 #1

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
FRES getting interesting again. 612 seems to be a likely area of support (see daily chart on link). Worth watching for a turn around/bounce or risking a speculative entry. I'm swing trading this and it's been very good so far. Probanbly best to be cautious however since both Gold and Silver are showing significant weakness and there is plenty of risk that they could drop a fair bit further.




screenrec.com/share/rLHGqDYdPk
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: not-just-anytradr

FRES 13 Jun 2023 08:31 #2

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
SP has now hit the 648/650 level and at least for the moment is rejecting it. I've taken a small long position, but it's a bit speculative. I'll add if the 1433 stoch confirms above 20 on the 2h chart. For the moment it looks interesting.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

FRES 05 Jun 2023 11:11 #3

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
I'm also still trading FRES, the gift that just keeps giving. I'm out for the moment, hoping to see 650 or lower before I re-enter if there is evidence of a swing to the upside. Gold and silver showing weakness at the moment, so one to be a bit cautious with.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

FRES 05 Jun 2023 11:07 #4

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
TUI looks very interesting. Recently went through a consolidation then a 3rd righst issue. TERP (theoretical ex Rights Price) is 808. Actual SP is 537. I think there's a good chance it'll back off a little to 525 or a bit below, but we are getting pretty close to a sustained move to the upside, where I see 760-800 as entirely possible. In my view the SP is currently being held back by distribution of shares from the underwriters of the RI and the institutions that bought the RUMP at around 4.85 (5.6 euros). Each rise has been sold into but there's a good bottoming pattern formed. I think the SP will make a break for the upside in the near future, will hit 560 quite quickly, maybe falter than continue up.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

FRES 01 Jun 2023 10:43 #5

Board has been very quiet lately what else you been busy with Shotry, I have been caught out abit with China reopening not living up to expectations, so will be Just waiting for September now to catch the Xmas rally if all goes to plan.
The administrator has disabled public write access.

FRES 30 May 2023 12:03 #6

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
Well some good trades on this one and I'm wondering if at it's current price (650-660ish) it's forming a nice bottom. Watch for a break over 666 (just the way it fell out) and it could be next swing to the upside. Stops calculated below 648. Very good chance of 715 or higher.
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: not-just-anytradr

FRES 14 Apr 2023 11:19 #7

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
Nice big move to the upside. Anyone try it? Gold firmly on the front foot. Currently consolidating around 800. Reasonable chance this will break up from what might very well be a lopsided, drunk, diamond pattern to give a greater than 50% chance of an upside to 840 or above. Just sayin'
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

FRES 30 Mar 2023 09:29 #8

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
I had to redraw my 'diamond' a little, but the SP never triggered a stop. SP is now breaking to the upside. Currently 744 or so. Would not be surprised to see it drop back to 729/730 prior to a solid move to the upside.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

FRES 27 Mar 2023 13:26 #9

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
FRES has dropped right back now from almost 10000 on disapointing results. Possibly bottomed around 690/695 and currently sitting at 728. The recent pattern (Mar 8th to current day) resembles a diamond, but if you think it doesn't fit the strict description of a diamond (see Bulkowski's work) then you could view the rhs of the 'diamond' as triangle pattern. The SP is apparently close to a break out from that pattern. I have the upside at around 800 or a break to the downside could give around 650 (that would put the price on a descending tl support from Feb 1st/Mar 8th and if it drops back it could give a 3rd touch and provide a speculative long entry or short exit).
Gold showing some strength that could continue should we enter a recession. Silver would perhaps do less well if we entered a recession.

Here's a chart, but always best to check it using your own charts
Attachments:
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: annes goal, not-just-anytradr

FRES 08 Nov 2022 08:23 #10

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
I've taken my profit here (part yesterday and the rest today). Here's the chart I was working from and my rationale. First I think in the near future the SP will hit or exceed 808 as I stated in my previous post. But, I'm worried we could see 704 or lower first. If we see 704 or lower I will be looking to build new positions.
Attachments:
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

FRES 07 Nov 2022 13:07 #11

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
SP stuttered around 765/766 which was a clear resistance. Seems to be trying to break up again. Wider market rises and rises in Gold seem to be supportive.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

FRES 02 Nov 2022 09:13 #12

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 368
  • Thank you received: 199
  • Karma: 10
Breaking up from a cup n handle at the current time. Small gap to the downside visible on the 2h chart. Logical target is around 808 from my chart. Easier to envisage slightly higher.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
Moderators: remo

Time to create page: 0.373 seconds