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Garpal Gumnut's Charts

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Garpal Gumnut

Garpal Gumnut

Ross Island Hotel
Joined
2 January 2006
Posts
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I use metastock explorations to find possibles.

One exploration I use is ps consolidation breakout.

This is what it gave me tonight.
with comments
it gives both breaks down and up

zim zimbabwe wtf
tcq down had them sold out
tso down
sal low vol
mdl down
hst down
gns down what a surprise
fcl see chart a nice company
fea wtf
ajl ok

wtf is a north queensland expression of surprise derision and awe all mixed in.

i've uploaded chart for fcl but it doesn't show on preview. have a look at it elsewhere if it doesn't load, its interesting.


gg



so I'm looking at fcl
 

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No real follow through on volume with FCL.

I'll keep an eye on it.

A useful trendline.

gg
 

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Its retraced but seems to be holding on the close above a previous support resistance line.

FCL


gg
 

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Nothing much to report on fcl. Moving up slowly, very little volume. Almost an ascending triangle.

gg
 

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Whether you call it a trading range or a triangle, its making headway up. If it nudges over 1.44 and closes there on higher volume I'll have to have a punt.

gg
 

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Its now time to buy. Its broken out of the triangle on much higher volume. And its closed over my stated entry point. Lets hope it retraces a bit tomorrow to get a better price.

gg
 

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I had planned to buy this stock yesterday but had a new camera and a Cairns bird wing butterfly has taken up residence in one of our vines. One thing led to another and before I knew where I was my apertures had taken over my fstops and it was 4.30 pm. Today I saw FCL shoot up again , went fishing and came back at 3pm. Luckily for me it had retraced to the top of the triangle and I was able to pick up 13500 @ 1.46 before the close.

My stop loss is at 1.26 which is the recent low amd also a fib retracement of 50% from the recent low to the recent high.

Wish me luck.

gg
 

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The day after I buy a stock for me is an anxious one. I follow the price frequently I'm afraid, good anxiety making behaviour. This little darling opened lower and hit a low of 1.42 then wobbled just below my buy price of 1.46 and then closed higher at 1.49.

I'll just check end of day prices from now on with this one. Thats what I do anyway, I don't know if anyone else does similar?

gg
 
When I'm in my usual place - in front of the screen all day - I watch every stock I own constantly. Even the long termers happy to ride out large ranges. Hmm, don't own anymore of those now, but anyway, yes, watch all day. I suppose it's my job.....

Good that FCL bounced off that $1.45 support....
 
Yes it was good to see it bounce off 1.45.

Its nice to know I'm not the only one who watches the screen as I do.

gg
 
After a week in this stock, it has moved up above my entry point which was at 1.46, above the ascending triangle.

Its showing nice higher highs and lows from the recent low.

I was anxious with the drop in the xao, but it didn't seem to affect fcl

Any ideas on a target for this stock.

My stop loss remains at 1.26

gg
 

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On a day when the majors initially got smacked I thought this morning my buying of FCL recently was the height of madness. For some reason it defied the general mayhem and finished over 4% up. If I didn't have my money tied up in this it might actually be interesting. $1.26 remains my stoploss. Its at 1c above my buyin price tonight.

gg
 

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FCL closed at 1.53 today. A good gain in this market. As you may see from the chart above its in a trading range. Lets see if it breaks out above the top of this tr, the next test will be 1.75/1.80. But first it has to get above 1.57/1.60. Jaysus I hate talking about my trades. Its bad luck. But I like pushing luck, so no better time than an XAO beartrend to test myself.

gg

gg
 
It closed at 1.45 today. At least its not MQG. And its an Agribusiness, I am told it is wise to hold these at present.

gg
 
Its now 11c above my buy in price at 1.57 tonight. Its in a nice up channel. The turmoil about seems to have had no effect on fcl.

Its a nice chart, lets hope fcl behaves itself !

gg
 

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Good luck GG, going ok atm.

I had a trade in FCL a while back, in on 11.08.08 @ $1.315 stopped out on 25.08.08 @ $1.335 for a B/E trade, pity I didn't manage to stay in it a bit longer (another 7 days would have been good, lol) but tight stops are a must for me atm in this market especially when long
 
Well my stock has touched my buy in price from a few weeks ago, but still remains in an uptrend.

Its a weird time to be investing/trading. The end of the world may be nigh!

I may add to my position on Monday, probably buying another 5-700 shares in this stock.

The trend remains. The channel remains. The end is nigh !!!
 

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I do like symmetry in my trades. This darling has popped out of its channel though.

All this kerfuffle in the markets makes my trade look parlous.

My stop loss is 1.26.

I didn't add to my original buy.

It all depends on how the market reacts to a mob of dills in the US Congress tonight.

Luck will decide.

gg
 

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