Sean K
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Welcome back.
for what it’s worth I think this is a terrible trade on many levels
Just not a trade I’d be interested in
many many more high potential trades
BRN CXO to name a couple.
a 200 M/A is just an average of numbers means bugger all.
tech it's more than that to institutional traders.a 200 M/A is just an average of numbers means bugger all.
Welcome back.
Ohtech it's more than that to institutional traders.
Tech my comment was not about the stock, I don't trade Australian markets.thanks I didn’t know iId been anywhere
Oh
I’m afraid support from institutional investors isn’t a buy signal for me. About as profitable as buying a 200 M/A
just take a look at the last 12 mths it’s only traded over $12 for half of that time
With a max price about 25% higher with no indication (yet) that it’s going to test the latest high
To me pretty Ho hum and right now why would you buy it—- technically
but let’s watch it
FMG became a great buy from a bad prospect ( technically ) Take a look at the thread if interested.
You may very well be right about CKF John, time will tell.for what it’s worth I think this is a terrible trade on many levels
Just not a trade I’d be interested in
many many more high potential trades
BRN CXO to name a couple.
a 200 M/A is just an average of numbers means bugger all.
If your stock falls below the 200ma then it may cause a trader/investor to react. Over the last 20 years, I have managed to keep clear of any major market falls by simply exiting a stock if it maintains a price below 200dma. If it lifts back up over at a given point be it the 200ma or a support/resistance line then nothing to stop you from moving back in after it shows a rising curve. Not to be confused with a sideways consolidation period which would cause the price to oscillate around the MA and go nowhere for a period.I guess an explanation that stock trading over a 200 M/A is generally moving up
Which in keeping with KISS you want to buy stock moving up
The M/A alone is nothing reactive
Yes, it has certainly been travelling in a sideways consolidation showing a gradual rise as evident by the 200dsma since about March '21. I find the longer the consolidation period, the better the breakout generally. Once this bounces off the 200dsma (if it does) then I always feel this gives a stock a bit of energy for a reasonable rise.just take a look at the last 12 mths it’s only traded over $12 for half of that time
With a max price about 25% higher with no indication (yet) that it’s going to test the latest high
To me pretty Ho hum and right now why would you buy it—- technically
but let’s watch it
I'm not real sure about what's going on. But Ann, how could you trade a stock at such a loss. Sure its activity has hit your support of 50ma, but who's to say it will bounce back to $14. I'm shocked at your impression. A fun trade indeed. i see you take the gamble that its exhausted at $12. I still say a 30wk m/a should be on order. i'm sorry to see your trade, what are the fundamentals...Don't you get frustrated...Interesting to see your philosophy go to work? You will be lucky to get 10%?Once CKF can rise above its $14 level it is all blue skies, this stock does not have a long term falling trendline or other highs to smash down on top of the price at some future date. So one could say, the sky is the limit!
That is the interesting thing with investing, there is no one size fits all, everyone is at different stages in life, has a different risk tolerance, has a different amount of money they are prepared to risk, may be investing as their only income rather than as a hobby, may be living off the dividends, so many variables.The moving average concept is important. I generally use either 20 or 50, because I'm a shorter term trader/investor. But even so, after some time watching charts, I know where those levels are generally going to be, but I still use it as a reference of course. Most of the charts I past up have 50 and maybe 200d ma for mums and dad stocks or indexes. I now just trade support and resistance lines in stocks that have my own perceived value, until they're fully valued, or have overshot. Unfortunately, I've been on the sidelines of the tulip-lithium bubble going on at the moment because I look at fundamentals first and then trade the chart. Most of the lithium things pinging have zero intrinsic value and it's 100% speculation.
The moving average concept is important. I generally use either 20 or 50, because I'm a shorter term trader/investor. But even so, after some time watching charts, I know where those levels are generally going to be, but I still use it as a reference of course. Most of the charts I past up have 50 and maybe 200d ma for mums and dad stocks or indexes. I now just trade support and resistance lines in stocks that have my own perceived value, until they're fully valued, or have overshot. Unfortunately, I've been on the sidelines of the tulip-lithium bubble going on at the moment because I look at fundamentals first and then trade the chart. Most of the lithium things pinging have zero intrinsic value and it's 100% speculat
Another reason why I just trade the chart.
Opportunities don’t give you a week analyse
Often the best defy All logic.
price will tell you and you only need 1:10 with sound Risk management
POP
There's your sign!!!
Even grabbed a few myself
Yes it looks like @Ann thread is getting highjacked. LolAlright you lot,its intermission time.
?
I stand mistakin. Took the liberty of looking at a summery of Collins Foods Limited (CKF) is a KFC and Taco Bell franchisee in Australia and KFC franchisee in the Netherlands and Germany, the owner of Sizzler restaurants in Australia. CKF operated 240 franchised KFC restaurants in Australia, 17 franchised KFC restaurants in Germany, 23 franchised KFC restaurants in the Netherlands and 12 franchised Taco Bell restaurant in Australia, which all compete in the quick service restaurant market. The Group owns and operates nine Sizzler restaurants in Australia, which compete in the casual dining restaurant market. It is also a franchisor of the Sizzler brand in South East Asia, with 75 franchised stores predominantly in Thailand, but also in China and Japan.Once CKF can rise above its $14 level it is all blue skies, this stock does not have a long term falling trendline or other highs to smash down on top of the price at some future date. So one could say, the sky is the limit!
It can be this simple.
FMG - Fortescue Ltd
I'm getting interested here as well: Near previous ATH which should provide some support, 0.5 and 0.618 fibs line up around here depending on which base you start from. Yes it seems to have settled and if there is a drop, I wouldn't expect it to be too far and then could average.www.aussiestockforums.com
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