Analysis help ... BEN

[DionM]

I'm curious about BEN's behaviour over the last few days and wouldn't mind some analysis help.

It has had 2 days of high gains and massive volume.

Today has been much lighter volume (near 'normal' levels) and had an early dip in the price ... but has now come back to be around what it finished on yesterday (at the time I write this post).

What does this signal?

I'm not much one for day to day type analysis (still learning), but I'm curious as to what this could mean? It seems too light on volume to be considered "consolidation" of the new high price before moving higher, but I can't figure out then if it means the price will stay here or drop again?

 

[Trembling Hand]

I'm curious about BEN's behaviour over the last few days and wouldn't mind some analysis help.

It has had 2 days of high gains and massive volume.

Today has been much lighter volume (near 'normal' levels) and had an early dip in the price ... but has now come back to be around what it finished on yesterday (at the time I write this post).

What does this signal?

I'm not much one for day to day type analysis (still learning), but I'm curious as to what this could mean? It seems too light on volume to be considered "consolidation" of the new high price before moving higher, but I can't figure out then if it means the price will stay here or drop again?

Why not forget about what it signals and try and figure out what you would do if it
1. goes higher
2. goes lower or
3. does nothing.

 

[DionM]

Why not forget about what it signals and try and figure out what you would do if it
1. goes higher
2. goes lower or
3. does nothing.

Higher? Probably keep it. Provided it's a genuine recovery and not a flash in the pan.
Lower? Not sure. I've been pondering about offloading it to buy into SUN.
Nothing? Probably offload.

 

[tech/a]

Answer is pretty simple just apply a Parabolic Trailing Stop.
On the chart below you'll notice 2 speeds.
(1) The Blue default speed .02 and,.2
(2) The Red a much quicker setting shown in the parameters box.

Not on the bar SAR marked RED and BLUE with values.
Red is $13.47 this is tommorows stop value.
These values will alter every day

 

[Julia]

Is there some fundamental basis for this rise? I haven't followed BEN for a while but when I had it it was always a sparsely traded stock so any movement really stands out.

There is a fair bit of take over/merger rumour amongst all these second tier banks at present so I'd be looking at what is going on fundamentally before making a decision as to what to do.

 

[Boggo]

Is there some fundamental basis for this rise? I haven't followed BEN for a while but when I had it it was always a sparsely traded stock so any movement really stands out.

There is a fair bit of take over/merger rumour amongst all these second tier banks at present so I'd be looking at what is going on fundamentally before making a decision as to what to do.

Adelaide Bank takeover, see chart of ADB and associated news items.

 

[Julia]

My apologies - correction to my earlier post. When I said BEN was thinly traded I was thinking of WBB (Wide Bay Australia). Sorry.

Thanks, Boggo, for the ADB explanation. I thought it would be something along those lines.