Tech help needed on TCQ

[Garpal Gumnut]

Could someone please give me their various system analyses on TCQ.

I had considered entering at 1.25-1.30 but it got away and I finally bit the bullet at 1.75. I was waiting a retracement to 1.15-1.10 which didn't eventuate. A completely illogical decision but profitable. Profit out guns logic all the time. Can any of our techs make sense out of this chart apart from the higher highs and lows and following the trend.

 

[macca]

Hi GG,

well, if you are in at $1.75, you are in good shape

You have found support at to $2.00, just trail a stop along behind and enjoy the ride.

Wish I had 10 like it

 

[Joe Blow]

Garpal, I wasn't sure what type of chart you were trying to post so I just inserted a 2 year chart since you were talking about levels around $1.10.

Let me know if you were wanting to look at a different time frame.

 

[Garpal Gumnut]

Garpal, I wasn't sure what type of chart you were trying to post so I just inserted a 2 year chart since you were talking about levels around $1.10.

Let me know if you were wanting to look at a different time frame.

Thanks Joe, just what I needed. gg

 

[Garpal Gumnut]

Hi GG,

well, if you are in at $1.75, you are in good shape

You have found support at to $2.00, just trail a stop along behind and enjoy the ride.

Wish I had 10 like it

Thanks Macca, Would you place a stop just under $2.00 or a bit lower??e.g 1.90

Garpal

 

[theasxgorilla]

Hi Garpul,

First impression...terrific uptrend, terrible liquidity, it likes a 32 simple MA, during this run up the max peak-to-trough pullback has been 11.9%, todays volume was the 5th highest on record and although price closed at the low of the day, that much force only moved price (on this low liquidity stock) 1.4%...proper VSA analysis required though...I'm a super newbie at it.

I see no reason to exit ATM. I'd manage the trade as follows:

* On two daily closes below the 32 SMA, exit a few mins before market close, OR open of the next day if you couldn't be around to execute the trade.
* On one daily close below, exit if price penetrates the low of that day on the following trading day.
* Set a stoploss at just over 12% pull back from each new peak, ATM, that is about $1.85.

Hope this helps,

The ASX Gorilla.

 

[constable]

Hi Garpal,
I think your on the money with you trailing stop loss and also agree with the gorilla. The stock has ben operating within a fairly tight range so theoretically it should be easy to spot a change in its upward trend. I neither can see any cause for concern but would be cautious if the stock fell through 1.90 . Volumes not fantastic and i dont know how easy it would be for you to exit but if it broke 1.90 you may want to dump half and then sit back. Good luck and remember advice is cheeeeap!! Sorry bout the bw graph westpacs graphs are too big to upload in colour.

 

[Garpal Gumnut]

Thanks everyone.

I think I'll hold and take profits it it moves below 1.90

gg

 

[drmb]

Thanks everyone. I think I'll hold and take profits it it moves below 1.90 gg

Has traded as high as 3.30 just before SPP and placements, now trading in a range 2.80 to 2.90 just after SPP closed. I put in for max amount and asked for additional shares as well. AMP also announced substantial shareholder increase from 18,609,107 (9.39%) to 23,855,700 (10.67%), blocking to? I happily hold in my SMSF

 

[noirua]

The Collective Question (TCQ): Episode 5 David Knight
https://www.boardroom.media/article...isode-5-David-Knight-April-23rd-2020-11-20-42
On this week’s episode of The Collective Question, David Knight, Managing Director of Adventist Senior Living discusses how stewardship is critical in transforming a workplace’s cultural dynamics and how it positively impacts the relationships between a director and his team of employees.