MUL - Multiemedia Limited

[crocdee]

Re: MUL - Where to from here?

hi all
well this is the way i see it
1 MUL obviously still in down trend which will contiue until sp can be sustained above 3c
2 appears to have shown a bottom @ 2.2c where it has bounced off on three occassions 22/9 30/9 1/10, however going back to 30/7/03 there remains a gap in the chart @ 2.1c which should not be discounted at this point of time.
3 resistance levels @ 2.6 3.8 4.6 and 5c all of which need to be broken and maintained before seriously higher levels can be supported.
4 a gap in the chart also exists in downward trend @ 5.6c which will eventually be closed in it's forward movement.
5 the buy depth at close today appears to reasnably strong with over 10mil wanted @ 2.3c. it will however be interesting to see how many are still there at open tomorrow. if they hold up we could be in for some excitement in the short term.

in conclusion i believe there is big potential here to make money at the current sp level however MUL will still be a daytraders stock for sometime to come. the bigger picture is still there however there is good money to be made on the way up, it all depends on how you want to play it.

my opinion croc

 

[JetDollars]

Re: MUL - Where to from here?

RSI indicated that MUL just cross the oversold line (20), but volume still decreasing. Doji appeared on today close which adequate indication shows prices reverse quite dramatically after this doji appearance. So MUL should reverse it direction.

Therefore, MUL is now in my high risk speculation buy at 2.4 Cents. If MUL drop below 2.2 Cents then I will sell it.

 

[brerwallabi]

Re: MUL - Where to from here?

Croc
I think you are right on MUL, there is definately money to be made on the way up I am currnetly holding 250k shares which have not cost me a cent due to gains made on previous trading, I have 200k which cost me 4.2cps so I average @ 1.9 almost. I have ignored MUL lately I have been to busy with ROC,PEM,LHG and DJS which have really taken my concentration and time. I will watch MUL very closely now as I expect that it will spike on news I expect to to make some money probably a few mortgage payments at least over the next few weeks but will continue to hold for the up as I make some trading gains,
Have fun and make money eventually MUL will come good the product is sound in my op.

 

[stefan]

Re: MUL - Where to from here?

JetDollars,

Therefore, MUL is now in my high risk speculation buy at 2.4 Cents.

Wow, now even the chartists are in on MUL That can only mean good news then. Now let's all get filthy rich with MUL. We'll create the MULlionairs club and meet for a BBQ somewhere

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

hi jet
can you tell me what the Doji is and how and why it appears. i've never heard of that one before.
gee stefan you sound a bit sinical this morning. bbq does sound great though.

regards croc

 

[Joe Blow]

Re: MUL - Where to from here?

The selling appears to have just about stopped.

Is this the quiet before the storm?

 

[stefan]

Re: MUL - Where to from here?

croc, jet,
I didn't ment to offend. I had to say something when even MUL becomes attractive to chartists

Anyway, according to what happened after the close today, I'd say the manipulation isn't over. There was a 1.7 million sell order against a 1.75 million buy order so that just a tiny amount of shares would be left at 0.024. I can't help myself. It looks too much like a game to me. Until that stops, MUL won't stand a chance. But as I mentioned earlier, I do expect news after the sat exhibition in Dubai so I remain positive for the rest of the week. It should slowly build up strength.

Happy trading

Stefan

 

[JetDollars]

Re: MUL - Where to from here?

hi jet
can you tell me what the Doji is and how and why it appears. i've never heard of that one before.
gee stefan you sound a bit sinical this morning. bbq does sound great though.

regards croc

Doji is just a name use for candle stick charting. Historically prove time and time again, but not all the time that when the doji appear share price normally reverse it direction. If doji appear while it is in the uptrend then share price normally reverse to downtrend and vice versa.

Doji is when the open and close are at the same price or nearly at the same price for that day. Doji can be found at the tops and bottoms of trends.

You can't just use doji alone, you need more confirmation from other indicators eg. RSI.....etc

More info about candlestick charting:
http://www.incrediblecharts.com/technical/candlesticks.htm

 

[crocdee]

Re: MUL - Where to from here?

hi jet
thanks for the info. agree totally that many indicators must be considered before you make decissions and lets face it there are many to choose from.
trending is at the top of the list for me and MUL is still in down trend, trying to pick bottoms in this mode is dangerous as you know [ in fact bottom picking is not very nice at all]

hi stefan no offence taken.

regards croc

 

[RichKid]

Re: MUL - Where to from here?

I'm new to charting too but in relation to the opening and closing prices being the same my understanding is that when there is agreement on price there is going to be a change (hence look at the trend etc for direction of change). Basic principle is that to have a market there must be agreement on price but disagreement on value (ie buyer thinks price going up (higher value) seller thinks going down). Hence a tightening of the range to equal means things are about to change. Same can be seen via bar charts. I'm still learning this stuff so hope it makes sense.

 

[RichKid]

Re: MUL - Where to from here?

Forgot another obvious bit. Just because there is a change it doesn't mean we can become rich. As with all changes it could be short lived, could be an extreme change in price or could be slight- there are so many other factors to measure. Frankly, anything in a pronounced downturn like MUL must be considered with caution. I agree, picking the bottom is not recommended. But if you're happy with the risk the rewards may be huge. Still a very very high risk day trading trend IMO. I guess I wont be making any money on this one! But good luck to all those who can benefit from it- hope you make a million!!

 

[stefan]

Re: MUL - Where to from here?

But good luck to all those who can benefit from it- hope you make a million!!

Rich,
I sure hope I will

On a more serious note, MUL is showing some intentions today to move away from its lows. Don't know if it's just because people are expecting something or because there really is something about to happen. Anyway, there are still plenty of selling orders at each level so I don't think it can move just on rumours.

We shall see...

Happy trading

Stefan

 

[clowboy]

Re: MUL - Where to from here?

Well I know very little about charting but it would certainly seem that MUL is now on an upwards trend (however short lived it may be).

Go MUL Go.

Congratulations to all of those who continued to buy mul as they fell - here hoping theyu continue to climb for some time.

 

[crocdee]

Re: MUL - Where to from here?

hi all
well it looks like a change is starting to happen the indicators i watch are looking positive
stockastics have crossed and moving up
rsi moving up from a very low point
obv in over sold and now rising
buyer depth slowly strengthenig seller depth thinning
bollinger bands closing from downward movement
parabolic sar changing from downward movement

regards croc

 

[stefan]

Re: MUL - Where to from here?

HEY! The MUL train has just left the station today!

Finally something happening. All .026 gone within a second. Looks like somebody is loading up big time.

Can it keep going? I bet there is something coming up.

GO MUL

Happy trading

Stefan

 

[Joe Blow]

Re: MUL - Where to from here?

HEY! The MUL train has just left the station today!

Finally something happening. All .026 gone within a second. Looks like somebody is loading up big time.

Can it keep going? I bet there is something coming up.

GO MUL

Happy trading

Stefan

.027 gone now too. GO MUL!

 

[crocdee]

Re: MUL - Where to from here?

looks like charting does work after all
regards croc

 

[stockGURU]

Re: MUL - Where to from here?

This stock looks like it is finally beginning to turn around.

Keeping a close eye on it.

:blover:

 

[clowboy]

Re: MUL - Where to from here?

If all the charts said it was a good time to buy and all the chartists started buying..........


......just a thought.

 

[stefan]

Re: MUL - Where to from here?

If all the charts said it was a good time to buy and all the chartists started buying..........

50 million shares? I doubt such a volume could be created just by chartists. There must be something else. Second buy wave has just started.

Happy trading

Stefan