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12 years 11 months ago #4713
by WaveSurfer
Replied by WaveSurfer on topic XEL
this is going really nicely - watch ~124.2 and then ~127.8, big areas to get through.
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12 years 11 months ago #4510
by remo
This tested breakout point and held..That should be a good thing 
dl.dropbox.com/u/4899609/xel4thmarch.png
dyor
dl.dropbox.com/u/4899609/xel4thmarch.png
dyor
The following user(s) said Thank You: WaveSurfer, AdeMcG, Jackozy, Trendfriend, colebrooke1, waverider2
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12 years 11 months ago #4498
by Jackozy
It did happen intraday but I also think that it's a rare occasion when you can ignore that price point on the chart.
What happened was that the buy side order book was quite sparse (as is often the case on stocks like XEL which are still largely MM books) and the MMs were all positioned at pretty much the same buy side price. Market sell orders took their entire positions and left the buy side completely empty while they re-figured their positions. An unfortunate seller got their order filled at 35.84p at that time (negotiated trade probably). I don't think it was an AT trade, probably an O trade but it was certainly outside the normal trading range.
Anyway, I'm thinking that if I ignore it (and the bullish divs at the subsequent low of 64.75p suggest that that was the genuine low to me), and do a projection of the move up from 64.75 to 139.4 and back to 83 we get a interesting target at precisely the 20p high. This would also formed nested cup and handles if the shorter term targets of 139 and 150 are met from the 83>110>94.5p move are met.
There are some nice convergences of targets possible here.
What happened was that the buy side order book was quite sparse (as is often the case on stocks like XEL which are still largely MM books) and the MMs were all positioned at pretty much the same buy side price. Market sell orders took their entire positions and left the buy side completely empty while they re-figured their positions. An unfortunate seller got their order filled at 35.84p at that time (negotiated trade probably). I don't think it was an AT trade, probably an O trade but it was certainly outside the normal trading range.
Anyway, I'm thinking that if I ignore it (and the bullish divs at the subsequent low of 64.75p suggest that that was the genuine low to me), and do a projection of the move up from 64.75 to 139.4 and back to 83 we get a interesting target at precisely the 20p high. This would also formed nested cup and handles if the shorter term targets of 139 and 150 are met from the 83>110>94.5p move are met.
There are some nice convergences of targets possible here.
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12 years 11 months ago #4493
by remo
I was watching xel on that day and you could not buy at that price during the day. I think that price happened after the close( not 100% about this) but I remember a lot of people talking about it at the time. Its one of those rare occasions when the spike down was not a real one in my opinion. I don't think you could have traded any where near that area.
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