Technical Analysts - can you explain this 18% rise with charts?

[Country Lad]

Its definately Supply
Price keeps resisting.

Whats not known is
if/when Supply is exhausted.

What we do know is that its
being pushed to test 3 times
this time more supply as in volume.

Watch for VERY low volume bars and
support.

Finished strongly Fri, started weak this morning with no sign of it firming. Right now my buy/sell algorithm is saying -14.59 where above zero is buying strength and below zero selling strength. Pity, it gapped up OK Fri but ran out of puff by 11 o'clock. Still, with 1.3 Billion shares on issue it will need some real good news to move it much.

Cheers
Country Lad

 

[barney]

Punters should take note however ................. NO holes have even been drilled yet ........ My barge pole is white hot ..... well done if you were on it though ....... but watch out for the cliff edge:1zhelp:

Quick recap on a couple of these ............ MEU ............... The cliff edge was steep as expected. A lot of hype and not much substance to this point. To top it all off, management have now distributed the 69 million share shortfall from the recent failed Cap raise, at 4 cents to their "buddies" ........ no wonder there is Supply in the market Poor form on many fronts from the Management in my view.

Its definately Supply
Price keeps resisting.

Whats not known is
if/when Supply is exhausted.

What we do know is that its
being pushed to test 3 times
this time more supply as in volume.

Watch for VERY low volume bars and
support.

VOR ........... Lower volume bars now evident ...... Looks like accumulation. Any drop with higher volume under the old lows would be a concern.


One I mentioned on its own thread, and a good example of positive news getting a negative reaction.

VRX ........ excellent drilling result ...... SP down 13% ...... Recent SP rise may have had the results already factored in so maybe a little tree shaking to come before further rises .....

 

[Joules MM1]

I noticed GRY on 14/9/12 went up 18% in one day.

Steve, anymore thoughts on this stock ?

here's another quick view tour guide

 

[Steve C]

Steve, anymore thoughts on this stock ?

here's another quick view tour guide
View attachment 49204

Sorry Joules - don't really know enough about T/A to comment without making a fool of myself... have enjoyed reading through these posts though, defentely one to come back and read again once I have a better understanding.

 

[burglar]

Steve, anymore thoughts on this stock ?

here's another quick view ...

I'll make a fool of myself!
I'd be guessing it is an ascending triangle!

I googled this to confirm:
http://www.investopedia.com/terms/a/ascendingtriangle.asp#axzz28QKERrPK

 

[Joules MM1]

I'll make a fool of myself!
I'd be guessing it is an ascending triangle!

I googled this to confirm:
http://www.investopedia.com/terms/a/ascendingtriangle.asp#axzz28QKERrPK

certainly seems a valid if broad idea...where would you consider entering a long or exiting an existing long, burglar?

 

[burglar]

certainly seems a valid if broad idea...where would you consider entering a long or exiting an existing long, burglar?

Several little thoughts come to mind

1. I have been in and out of this one (GRY) six years ago.
They are perennial drillers.
If it was me, I would have a D8 caterpillar digging it out, if needs be!

2. I am awaiting the full brunt of the next bull run.
Sadly, it's the only time I make money!

3. My financial circumstances will not allow me to consider this trade at the moment.
My history tells me that I usually sell a good position and buy a bad one.

Doesn't really answer your question?