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Bypass $500 'minimum marketable parcel'?

Discussion in 'Beginner's Lounge' started by TiminOz, Jan 11, 2019.

  1. tech/a

    tech/a No Ordinary Duck

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    Some charts
    Refer to notes.

    Overview

    Currently no sign of a change in sentiment only
    a pause in price.

    By the way the weekly buy trigger is a tick above
    This weeks high $4.93 which is a more conservative
    longer term buy methodology.
    As Tim wants to trade longer term perhaps trading the
    weekly chart maybe better.
    Id prefer to be patient on
    entry so as not to waste a stop in a drifting stock price.

    Thoughts Tim?---anyone.

    PO3 1.gif PO3.gif
     
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  2. barney

    barney

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    Lol .... I thought you were on the wagon Tech:p

    PS Nice gesture and great for ASF …… :xyxthumbs
     
  3. tech/a

    tech/a No Ordinary Duck

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    Ha

    I don't drink
    Id have say a Dozen Bourbons a year and as many
    beers. Other than that I'm pretty boring!
    No wine Cant stand it
    Same with Coffee.
     
  4. $20shoes

    $20shoes

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    I like the weekly for Tim, because it clearly shows a demarkation zone where buyers and sellers are having a bit of tussle. The wide ranging bars to the left attracted a lot of volume, but the 2nd of those couldnt hold its open, so something is happening there - ideas of fair value at this level, or profit taking...who know..who cares..but it does tell us that we should be mindful of supply.

    The trend change was to ranging (sideways action), so Id retain a bullish stance on it at the moment, but I'd be more bullish with prices rising past $5 with some buying pressure.

    After its stellar run, could be doing a little ABC flat correction to bide time..
    I actually dont mind the look of it at this time...hopefully it has a run for you and Tim :)

    PO3 1_a.gif
     
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  5. tech/a

    tech/a No Ordinary Duck

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    Nice observation Shoes!
     
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  6. Boggo

    Boggo

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    My software (weekly) says... :cautious: :laugh:

    (click to expand)
    Annotation 2019-01-18 125850.jpg
     
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  7. barney

    barney

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    I'm similar only I have my dozen in about a week:eek::D …. My wife suggests I drink too much. I tell her she's right … everyone's happy:p


    PS Good thread gents …… If we get a fill on the order, are we running our Stop at $4.44 ??
     
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  8. tech/a

    tech/a No Ordinary Duck

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    The spread on this is around 20C and is very thinly traded.
    I don't think we will be filled today.
     
  9. $20shoes

    $20shoes

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    Maybe Tim could help us determine an exit level? Theres obviously a myriad of reasons why we'd exit a position - from fundamental weakness, to market weakness to mental and trailing stops. It might be good for Tim to thrash out some of the reasons to hold or sell.

    One thing I remember very clearly when I first started trading was believing that I was right! Even when a position went against me, I couldnt believe the market could get it so wrong. And that's a very good way to lose your shirt as a beginner! Hard lesson learnt!
     
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  10. TiminOz

    TiminOz

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    I haven't read all the posts yet - it looks like some detail...
    But: have we bought yet? Or are we waiting for something specific?

    I know it was a bit lower yesterday and day before and is going up...

    But also the results of the trial will be in any day now, and if they are positive, the stock will likely go up....

    Trial info on P03 website

    (Lol good Brains Trust on this thread !)
     
  11. tech/a

    tech/a No Ordinary Duck

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    Not in Tim
    I have posted a preferred buy point
    However if you wish to buy regardless
    On next open because your afraid youll miss out
    I will do so Monday

    I’ll just mention buy the rumour sell the fact.
     
  12. TiminOz

    TiminOz

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    Oh good, I will check it out :)
     
  13. tech/a

    tech/a No Ordinary Duck

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    Check out what?
     
  14. tech/a

    tech/a No Ordinary Duck

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  15. TiminOz

    TiminOz

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    Your suggested BP!
     
  16. TiminOz

    TiminOz

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    ...reccos IMPLEMENTED.
     
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  17. TiminOz

    TiminOz

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    Hey Tech,
    I still have to read properly the charty stuff posted above including by you,
    but I would like to say regardless immediately, if it DOES fall to your ideal buy-point
    before i finish, pls go ahead and grab it !

    I note its currently at
    4.52
     
  18. TiminOz

    TiminOz

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    Hey Tech, is your buy point 4.62?
    If so, then let's go ahead when trade opens (if you're up! :) )
    - since its currently 4.52.
     
  19. tech/a

    tech/a No Ordinary Duck

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    Tim

    There is no indication that this stock is moving higher.
    In fact its not doing a great deal. That will change sooner than later.
    Buying now is punting I really want to see something that convinces me that
    there is a good chance we wont be stopped out very quickly.

    As price drops you'll note that my very rudimentary entry level moves down as well.

    This is not something I would trade as it currently stands.
    I think it wise that you stand back and take a look at whats happening.
    Right now NOTHING is at risk.

    If you really want me to take the trade I will but with a $100 risk
    Once that's gone--game over!

    po3 2.gif
     
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