G'day tech/a what do you like about this chart, what do you see?
Youll see the Spike low and the key reversal.
on High volume.
This generally sets a low for the day on these lower timeframe charts.
I'd prefer to see a solid build so am watching my position very closely.
Im not entirely confident without a supporting daily bar which would look similar.
On the daily it may well be partially filling the gap which is common as a support area.
Early -- watching although I have a small position.
Youll see the Spike low and the key reversal.
on High volume.
This generally sets a low for the day on these lower timeframe charts.
I'd prefer to see a solid build so am watching my position very closely.
Im not entirely confident without a supporting daily bar which would look similar.
On the daily it may well be partially filling the gap which is common as a support area.
Early -- watching although I have a small position.
Added to my position this morning so going along ok.
Has broken out to a new high. Volume currently not
showing much which in itself indicates sellers have retreated
for the time being.
Up another 16.67% today so still going strong at the moment.If there is a fundamental reason to own MSB then the Tech momentum has a long way to go.
Still a 4 x Strong buy recomendation on ComSuk (As DrB says)This is NOT a recommendation.
I have no idea who are recommending the Strong Buy. (Screen shot from Comsec) Just trying to offer a different perspective.
View attachment 177697
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