Needs to get around the green circle I think.
It's a breakout IMO, but I'd be cautious. With such sustained negative sentiment, the bears could takeover again. Looks like a great turnaround story at the moment though.
Needs to get around the green circle I think.
help is appreciated, thanks.
You can't. Everything is factored into the chart, not just these 3 things, but possibly not short sellers.How can you tell if this is a case of;
1. many Short Sellers buying to cover
2. or the company value going up
3. or buyers are buying because they think this stock will rise
?
Sometimes there's some obvious catalysts like anns etc.You can't. Everything is factored into the chart, not just these 3 things, but possibly not short sellers.
Thanks. if a chart is going down for 3 months... i see it ok to follow the trend, but it looks like someone wants to bet on a U-turn without extran info :bad:
Chris, or David?? I doubt you can 'short' this. 'Shorting' stocks is normally limited to top 200 ish. Unless, I've been left behind...Probably depends on the service provider and I doubt ETrade is offering this up as a short on CFD.Anyways, isn't there a way of seeing what orders have been passed for each day? I'm pretty sure I found something like that at the Clearing Houses while looking for data downloads. Could that be a way to measure the amount of shorts? or is it just listed as "sell"?
Hey guy's, first post and would like your thoughts. Still very much a noob, and obviously would like some clarification in regards to my way of thinking. Stock : GDY, What I see : over the last month, it's shown some resistance around the $1.825 mark but has been trending upwards nice and steady, less the ceo announcment on the 27/6. The last couple of days has me reaching for the buy button. I know the market reaction is based on the rig being almost ready to drill, but will it retreat in the coming days, breaking out within the next couple of weeks, or is this it? Any advice on other indicators that may be of use. I've looked at alot of them over the years, and just can't decide to use one or the other. So I try and keep things simple, maybe too simple
SB, I think the outstanding breakout was in June. It started with the gap up white candle and then went outstanding with the long white candle probably. All on volume. It could be argued the follow up consolidation and testing of the break from that white candle confirmed it as a break.Hey guy's, first post and would like your thoughts. Still very much a noob, and obviously would like some clarification in regards to my way of thinking. Stock : GDY, What I see : over the last month, it's shown some resistance around the $1.825 mark but has been trending upwards nice and steady, less the ceo announcment on the 27/6. The last couple of days has me reaching for the buy button. I know the market reaction is based on the rig being almost ready to drill, but will it retreat in the coming days, breaking out within the next couple of weeks, or is this it? Any advice on other indicators that may be of use. I've looked at alot of them over the years, and just can't decide to use one or the other. So I try and keep things simple, maybe too simple
.
Rashy, you may not have seen a previous post by Joe Blow advising that you MUST include a chart with some analysis of a breakout in this thread. Please learn how to do so, or leave the commentary in the respective stock thread. Thanks!!First Post so be nice
CME had a break out today after a week or so of teetering, broke 10c with volume, highest ever volume and top price ...
Don't know how to do these charts but i can imagine it would show something special.
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