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DrBourse TA Help for Beginners

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Another area that Beginners should take note of is the Colour of each individual Candle.

Beginners need to find out why different providers show different coloured candles that are based on the same data.


The 2 snapshots below are of FMG 15/9/20 to 19/11/20 incl.


This Snapshot is from Trading View Charts.
It shows 28 RED Candles & 20 GREEN Candles.
View attachment 135599


This next Snapshot is from Commsec Charts.
It shows 25 RED Candles & 22 GREEN Candles, and just as importantly Commsec show no Candle for 16/11/20 (the 4th Candle from the right).
View attachment 135600


The problem only arises, IF, you are using Candlesticks as part of your TA.

You might think the Commsec Right Hand Side Candle adds weight to your TA.

However

Looking at the Trading View Right Hand Side Candle, note that it gives the exact opposite signal.

Now I realise that the Candle in question is not an Earth-Shattering Signal, but sometimes they are.



I repeat - Beginners Should Question Everything.

Another example of the above problem.
The 2 charts below are of the the same stock - The stock name is irrelevant.
This 1st chart of from Commsec today at about 10.50am.
Take Note the last 2 Red Candles.
Red or Green Candles 1.jpg

This 2nd chart of from Trading View today, also at about 10.50am.
Red or Green Candles 2.jpg

The last 2 Commsec's chart candlesticks suggest caution.
BUT Trading Views last 2 candlesticks are much more positive.

Beginners need to find out why different providers show different coloured candles that are based on the same data.

Cheers.
DrB
 
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HVN TA is looking interesting atm.

IV is abt $5.39, SP is now $4.99.

Candle for 3/5/22 was what’s called a “Piercing”.

Candlestick Pattern - Piercing .jpg

HVN’s CCI has formed a “Double Bottom”, and it has just crossed up over the -100 O’Sold line.

HVN’s MFI is very similar to the CCI, a DB & both rising from O’Sold Territory.

HVN could also be on the way to forming another H&S Formation.

1651618572001.png

These are just my personal observations, they should not be interpreted as any form of recommendation – Remember to DYOR.


Cheers

DrB
 
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Hello DrBourse, greynomad99 and Rabbithop
Been a good while, hoping I find you all well.

DrBourse
Recall some TA work you had performed on LYC. Hoping you can assist rcw1 again in this regard. Be good to swap notes … :) again. ADR’s been kind to rcw1 … acquired heaps more knowledge; most interesting beast.

Rabbithop
Been trading LYC heavily … Suppose nothing has really changed with this stock from rcw1 perspective, other than a stronger SP
ha ha ha and more coin needed to effect that purpose, kindly conduct your own due diligence :)

Kind regards
rcw1
 
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Hello DrBourse, greynomad99 and Rabbithop
Been a good while, hoping I find you all well.

DrBourse
Recall some TA work you had performed on LYC. Hoping you can assist rcw1 again in this regard. Be good to swap notes … :) again. ADR’s been kind to rcw1 … acquired heaps more knowledge; most interesting beast.

Rabbithop
Been trading LYC heavily … Suppose nothing has really changed with this stock from rcw1 perspective, other than a stronger SP
ha ha ha and more coin needed to effect that purpose, kindly conduct your own due diligence :)

Kind regards
rcw1
Hope you are keeping well row1, GN n Dr too.
I would be better once the 3 bathrooms n the kitchen complete the renovation.
LYC was good for my Trading but had since stop just keeping on watch list so is HVN hoping for a low 3.50, its hanging at 3.90plus for days or weeks. More into PLS on these shaky days.
 
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Hello DrBourse, greynomad99 and Rabbithop
Been a good while, hoping I find you all well.

DrBourse
Recall some TA work you had performed on LYC. Hoping you can assist rcw1 again in this regard. Be good to swap notes … :) again. ADR’s been kind to rcw1 … acquired heaps more knowledge; most interesting beast.

Rabbithop
Been trading LYC heavily … Suppose nothing has really changed with this stock from rcw1 perspective, other than a stronger SP
ha ha ha and more coin needed to effect that purpose, kindly conduct your own due diligence :)

Kind regards
rcw1
HVN ?? ( i hold ) NORMALLY this faces downward pressure ( even after the div. is declared .. but not yet ex-div. ) am comfortably bulked up on that BUT if a two handle came along i might reach again from that calculator .

LYC ( i do not hold ) is currently in the mother of all storms it's major competitors and controlled by China , possibly facing an accelerated trade war ( potentially awesome for LYC ) but also a potential global meltdown where nobody in the West can afford stuff with fancy magnets ( whether it is wind turbines of expensive electronics ) AND because of past processing of REEs ( by others ) has a bad reputation by those thinking ESG .

( almost bought into this years back , but smelled the 'activist problems ' and backed away )

take care ..
 
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HVN ?? ( i hold ) NORMALLY this faces downward pressure ( even after the div. is declared .. but not yet ex-div. ) am comfortably bulked up on that BUT if a two handle came along i might reach again from that calculator .

LYC ( i do not hold ) is currently in the mother of all storms it's major competitors and controlled by China , possibly facing an accelerated trade war ( potentially awesome for LYC ) but also a potential global meltdown where nobody in the West can afford stuff with fancy magnets ( whether it is wind turbines of expensive electronics ) AND because of past processing of REEs ( by others ) has a bad reputation by those thinking ESG .

( almost bought into this years back , but smelled the 'activist problems ' and backed away )

take care ..

" LYC ( i do not hold ) is currently in the mother of all storms it's major competitors and controlled by China , possibly facing an accelerated trade war ( potentially awesome for LYC ) but also a potential global meltdown where nobody in the West can afford stuff with fancy magnets ( whether it is wind turbines of expensive electronics ) AND because of past processing of REEs ( by others ) has a bad reputation by those thinking ESG" .

( almost bought into this years back , but smelled the 'activist problems ' and backed away )

I am with you..thats my reason for the emoji...
 
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HVN ?? ( i hold ) NORMALLY this faces downward pressure ( even after the div. is declared .. but not yet ex-div. ) am comfortably bulked up on that BUT if a two handle came along i might reach again from that calculator .

LYC ( i do not hold ) is currently in the mother of all storms it's major competitors and controlled by China , possibly facing an accelerated trade war ( potentially awesome for LYC ) but also a potential global meltdown where nobody in the West can afford stuff with fancy magnets ( whether it is wind turbines of expensive electronics ) AND because of past processing of REEs ( by others ) has a bad reputation by those thinking ESG .

( almost bought into this years back , but smelled the 'activist problems ' and backed away )

take care ..
Good morning divs4ever,
Thanks for your response. Some matters for due consideration.

For mine, LYC is miles ahead / light years … in front of its competitors outside China.

Structure/knowledge/credibility and ability to satisfy demand - all well in front. US defence contract - About 420 kg of REE for every F-35 fighter jet and REE essential for other US military purposes. Hence a requirement to cement market independent from China.

The Malaysian ‘activist issues’ are nowhere near as problematic or of concern as in the past.

Some light reading :)

8 July 2022:

1 May 2022:

18 April 2021:

How do we use REE: https://www.americangeosciences.org/critical-issues/faq/how-do-we-use-rare-earth-elements

Have a very nice weekend.
Kind regards
rcw1
 
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Hi rcw1,

I have not paid any attention to LYC since Early April 22 as it was obviously heading down from that point onwards.

LYC’s movements since 6/4/22 have been a bit hard to trade IMO.

LYC’s current IV Range is $6.66 to $5.59 (the Grey Area on my charts) – as you prob know I prefer to trade stocks when they are below their apparent IV.

LYC’s Current Trend is DOWN, I would expect a ST Uptrend to abt $8.60, followed by more Downtrend till it hits the $5.00 area.

So IMO @ $8.60 LYC is currently Overbought and is still a bit Expensive, I would put LYC back onto my watchlists when it hits abt $5.00.

Way too many External influences on Rare Earths ATM for my liking.



20220716 LYC (1).jpg



The next Chart shows that the CCI & MFI Indicators are still not very happy, at $8.60 they may look a little better, but not enough for me to be interested in LYC.
20220716 LYC (2).jpg



LYC’s Financials are due to be released late 18/7/22, if those Financials “Stack Up” then the current Downtrend may start to reverse – However, IMO LYC’s IV Range will more than likely drop even further than current Range – probably to $4.00 to $5.00- IMO most punters will be thinking the same way.
20220716 LYC (3).jpg


The last few Announcements from LYC on 19/1/22, 1/3/22, 12/4/22 & 14/6/22 were not well received by the LYC Faithful.

Cheers M8.
 
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Hi rcw1,

I have not paid any attention to LYC since Early April 22 as it was obviously heading down from that point onwards.

LYC’s movements since 6/4/22 have been a bit hard to trade IMO.

LYC’s current IV Range is $6.66 to $5.59 (the Grey Area on my charts) – as you prob know I prefer to trade stocks when they are below their apparent IV.

LYC’s Current Trend is DOWN, I would expect a ST Uptrend to abt $8.60, followed by more Downtrend till it hits the $5.00 area.

So IMO @ $8.60 LYC is currently Overbought and is still a bit Expensive, I would put LYC back onto my watchlists when it hits abt $5.00.

Way too many External influences on Rare Earths ATM for my liking.



View attachment 144165



The next Chart shows that the CCI & MFI Indicators are still not very happy, at $8.60 they may look a little better, but not enough for me to be interested in LYC.
View attachment 144166



LYC’s Financials are due to be released late 18/7/22, if those Financials “Stack Up” then the current Downtrend may start to reverse – However, IMO LYC’s IV Range will more than likely drop even further than current Range – probably to $4.00 to $5.00- IMO most punters will be thinking the same way.
View attachment 144167


The last few Announcements from LYC on 19/1/22, 1/3/22, 12/4/22 & 14/6/22 were not well received by the LYC Faithful.

Cheers M8.
Thanks DrBourse, rcw1 will explore further tonight. Appreciate your comments. kind regards rcw1
 
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Thanks DrBourse, rcw1 will explore further tonight. Appreciate your comments. kind regards rcw1
I think I stopped LYC around end of April/ begining of May. Infact had outstanding buy at $5, didn't eventuate n expired. Still keeping an eye on it. I don't intend to hold it for long term.
 
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rcw.
Looks as though the LYC faithful are not too happy with this mornings "same old bland announcement".
LYC punters need some New Positive News, not just the same old rubbish they have been dishing up lately.
Time will tell where LYC goes from here onwards, prob down IMO.
B careful M8.
DrB
 
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