If today close lower to downside breakout, it will dip further. Wait for confirmation to buy in at low price. Today can b a fake breakout which can b confirmed in late afternoon. Dont rush to buy. I bought at support level before it broke further down.
i saw the support at 1.42 but it broke.. Another support is 1.39 which was the last price it gapped up the next day. It seemed the void has been filled & tomorrow will be an exciting day. With the strong FA, this counter wont retrace alot.No worry.
After 1.39, the next support should be 1.27... but it may retrace to 1.35 meaning it drops 11% from its prior high 1.52. I m waiting for heavy volume to break the resistant 1.52 which it tested twice but couldnt break. I m only a Probation TA. stil learning but keen to analyse. At least we have some idea how the trend moves.. Cheers!!
yes, stochartic is not in overbought now meaning the sellers are less!! The bull will be back from soon but before it comes, there will be a retracement.
Bro CityTrader: U so humble..so amaze this kind character.. Ur character's like ''the snake that fringe amid the route.. but wouldn't lost it venom.'' U expert in TA..few times i read ur post here and u also one of a TA expert like Bro Nekro and BBTraders..Ur prediction about market also''hit the mark''.. By the way hope we can learn something from our friends that post a comment here.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ayamas
173 posts
Posted by ayamas > 2013-06-12 11:52 | Report Abuse
nope..selling vol are higher..sell trade oso more than buy trade