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RWD - Reward Minerals

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YT - I concur - Tech/a is definitely an A game player and I've always respected his/her input.

The only reason I hesitate was as I watched - note that word WATCHED - MAK climb from 0.5 when it hit my radar to it's now 2.5+ there was just no way I could gauge when or where it would go. I'd initially anticipated a retreat from 1.2 back to the mid 0.8/0.7's thinking it was just another "fad" stock.

I just feel right at this point in time that due to the fundamentals and the fact that food is currently in the public spotlight that these factor too heavily into a stocks potential to be measured by chart analysis.

Though I'd love it if he was right and there is a retrace, I'll be loading up!!

I'm still kicking myself for not pulling that trigger on MAK, but that's life. :)
 
No crystal balls with analysis (Technical) although many think that's what its all about.
In the short term (and that's how I'm trading at the moment). Tech analysis Indicates trader sentiment within the stock in fact it shows me what you Fundamental guys are thinking. There are 100s of you all with varying opinions---just as those techies trading RWD have various slants on their analysis.

I don't know anything about RWD in fact reading this thread has educated me heaps.

So analysis---all analysis will ultimately be proven correct or incorrect.
So we place ourselves in trading positions in anticipation of our analysis.

Possibly in the short term I may have an insight into what sentiment is and is likely to be. Others may not ---looking at the bigger picture.

For me being wrong is accepted----- often am,but where PROFIT is involved its HOW LONG you STAY wrong which is the governing factor.

Good trading to all---Ive learn much about this company--thanks.
 
tech/a said:
YT
All good but it wont go straight up to the target.
I expect a correction very soon.Signs already.
I'm actually trading a 60 min chart at the moment.
See notes on chart.(Daily).
Click to expand...

You were right.

I bought in at 2.04 and it closed today @ 1.95. Not that I'm worried I'm fairly hopeful that it will go up past MAK like someone else stated. How much lower do you think it will go? If it goes lower i might as well buy more.

Also, where did you learn how to make and interpret charts?
 
simply profit taking after a biggish run IMO... but after some consolidation and some weeding out of some short term profit takers it should be on its way north again
 
Rocket man said:
simply profit taking after a biggish run IMO... but after some consolidation and some weeding out of some short term profit takers it should be on its way north again
Click to expand...

Well if MAK can push up to near $3, there should be no reason why RWD cannot exceed that. Anyways nothing is cement so i guess we'll just have to wait.
 
adamim while I don't disagree with you I would second what Rocketmna is saying to put it into context, it looks like it was just profit taking, you have to remember that the stock has put on 100% in a less than a month I was picking up some around $1 early April I remember

As I have said as well its hard to compare RWD to MAK, ie just because A does something doesn't mean B will, RWD is Potash and MAK is Phosphate, 2 different commodities both Agriculutre but different

I was a little bit surprised at the volatility of how it dropped below $2 then shot back up then dropped towards the close, might be getting pushed around me thinks :cautious:
 
YOUNG_TRADER said:
adamim while I don't disagree with you I would second what Rocketmna is saying to put it into context, it looks like it was just profit taking, you have to remember that the stock has put on 100% in a less than a month I was picking up some around $1 early April I remember

As I have said as well its hard to compare RWD to MAK, ie just because A does something doesn't mean B will, RWD is Potash and MAK is Phosphate, 2 different commodities both Agriculutre but different

I was a little bit surprised at the volatility of how it dropped below $2 then shot back up then dropped towards the close, might be getting pushed around me thinks :cautious:
Click to expand...

Would there be any relationship between RWD and MAK share prices simply because both are used in fertilisers? I understand that they're completely different companies, but could MAK success run off onto RWD (due to excitement)? Or am i completely off the ball?

Sorry new to investing.
 
Plenty of buyers still coming in .. or may have fallen significantly further today. Larger buy/sell spread has been forming.

Next major support level seems to be $1.60 area.. Chart below shows what appear to be the main support levels. Not dissimilar pattern to MAK, although MAK buyers seems to be thinning.

(sorry, it has seemed to have shrunk my chart a little, making it difficult to read)
 

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I was watching the way it would hit on or just below the $2 mark then go back up again. I am of the opinion (not that is with any authority) that with the amount of buying in at around this level, we can expect support around the 190-2.00 price.
I got flushed out of my stop-loss at 1.31 and didn't buy back in as I thought it was going to go down, it didn't, and I have been kicking myself all the way to $2 . I'll be showing a bit more faith this time with no stop-loss.:)
 
gfresh said:
Plenty of buyers still coming in .. or may have fallen significantly further today. Larger buy/sell spread has been forming.

Next major support level seems to be $1.60 area.. Chart below shows what appear to be the main support levels. Not dissimilar pattern to MAK, although MAK buyers seems to be thinning.

(sorry, it has seemed to have shrunk my chart a little, making it difficult to read)
Click to expand...

Maybe support dropping for MAK because it may have lost all drive to go above $3 at this present time.
 
I think many had their trailing stop at $2.Mine like others is automatically set on a conditional bracket order with IB. So at $2 I and a few others got sold very quickly in the market so price belted down filling us and a few that panicked.
I suffered a little slippage.(2.5c) Bugga. In hindsite it was a dumb level should have been say 2.03 is.

The concerning factor is the in ability for price to hold and thin trading with a wide pread indicates lack of buyers.

Initially Im expecting price to fall to the Blue diamond,If it turns quickly then it means Wave 3 will not be complete (3 bars or so). I do expect this to be a fairly quick corrective move that is likely to comprise of 3 waves down
2 down and one up. So lets see how that goes. I'll be waiting for a possible enter to the last wave 5 after the completion of this wave 4 if thats what it is turning into.
Ive hand drawn the chart for clarity.

Very high volume at tops shows weakness
Very high volume at bottoms shows strength.
Just one thing on people like me who take profit.
We see ourselves as Profit PROTECTORS not takers.
If we can see weakness we dont wish to be a part of it.
Each to their own.
 

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Tech/a - I stand here humbled and corrected by your analysis.

You were indeed right, but was this the correction you were expecting or is this simply mild profit taking? Per your charts are you anticipating a rentry in the mid 1.6's?

I sometimes forget that there's investors and traders, both have very different priorities and constraints - it all depends upon your point of view. :)
 
d_crome said:
Tech/a - I stand here humbled and corrected by your analysis.

You were indeed right, but was this the correction you were expecting or is this simply mild profit taking? Per your charts are you anticipating a rentry in the mid 1.6's?

I sometimes forget that there's investors and traders, both have very different priorities and constraints - it all depends upon your point of view. :)
Click to expand...

Yes this is true.
Nothing wrong with becoming an investor in a continually rising stock---ironically most become investors in falling stocks (dont wish to crystalise the loss!!).

With short term analysis its a day by day thing.
I do have intraday charts so have an edge as I can and do use similar analysis on 60 min to 2 hr charts. Volume is the key to the success of these smaller timeframe analysis.

To your question.
Today will test the low and will indicate wether there are solid numbers of buyers out there. I expect an indise day in other words price to remain within the range of yesterdays wide ranging bar. Volume and range of todays bar will tell a great deal.

If I see onything on the intraday charts of interest I'll post it up.
Will be watching myself.
 
Inside day as expected.

RWD currently looks OK. Technically.
Not convinced yet that this is ready to resume but is looking more like a pause in the current move than a correction.
Supply appears to be being absorbed.
Looking for a dry up of volume without much testing of the low.
Or breakout volume with good range.
Next 2 or three days trading will tell a lot for short term traders like myself.
 
Controversial opinion time :)

I think we wont go very far either way until the Cap Raising is locked in... And Im betting the idea has already been circulated with the buyers at a price between 160c/180c.

I hold a few of these (actually one of my main 2008 plays). Been buying regularly since 1buc... But I got an inc'ling that we will be in limbo for a little while.

But - Big picture - this cap raising is gonna send RWD to the moon:eek:, but not until market get all the details.

Though, I wouldn't be unhappy if i'm WAY wrong about this :D

Pat
 
Any tecchies out there care to comment on the recent downward movement of Reward's share price...a chart would be nice
 
Pretty much to plan nothing much to add to the charts produced.
However the increased volume today is worrying for those long.
The day before was very low volume closing higher but shows lack of buying support.
 
pattyp said:
Controversial opinion time :)

I think we wont go very far either way until the Cap Raising is locked in... And I'm betting the idea has already been circulated with the buyers at a price between 160c/180c.

I hold a few of these (actually one of my main 2008 plays). Been buying regularly since 1buc... But I got an inc'ling that we will be in limbo for a little while.

But - Big picture - this cap raising is gonna send RWD to the moon:eek:, but not until market get all the details.

Though, I wouldn't be unhappy if i'm WAY wrong about this :D

Pat
Click to expand...

Spineli,

I PERSONALLY don't think its a matter for technical or fundamental... We have a Cap Raising hanging over us and no one wants to buy or sell until its done... Or at least until we get the details. Although, maybe a surprise supply agreement with India would change the situation some :)

The SHAW report valued RWD at 175c (Extremely conservatively IMO)... So I would expect that the Instos who get the issue will want in below that price.

So Cap Raising at 160-180, ergo, price needs to stay around 2buc for now.

Just my opinion - Would also love to hear other opinions, preferably really bullish ones... LoL

Pat
 
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