Australian (ASX) Stock Market Forum

TNY - Tinybeans Group

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verce said:
What a bloodbath.

What did I do to deserve this treatment?! :eek::thumbsdown:
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Settle down verce! :D Yes it breached the 21dsma, this is when I review a stock if we are in choppy seas with the major indices, it is not an automatic sell as I do manual stop loss to save me from the 'fearful' ones. What happened overnight in the US? The SPX rose above its 200dsma, so we are probably good to go today...
Looking at the chart today, I see the Twiggs daily money flow is slightly down as to be expected but nothing too extreme, then I looked at the RSI which is touching the 50 line, this isn't in oversold but as it has been riding high in the overbought, the oversold section can be called the 50 line. So effectively oversold and ready for a bounce. Then I looked at volumes, meh, nothing special.
Then we come to the Aroon Indicator, this is an indicator which has been assessed in my invaluable book, I invested mucho dollars in years ago (much cheaper now) called 'Encyclopeadia of Technical Market Indicators' by Corby
It has been a great reverence over the years. They suggest just using the Aroon in a mechanical way with no other assessment or judgement would have produced a positive result in the long term and was 55.89% better than a buy and hold strategy. So in other words, buy when the blue crosses above the red and sell when the red crosses above the blue.

After all that, the Aroon is still in happy land! 95c support is still holding.

tny 5.5.19.png
 
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Hmm

No trading on the open and a really wide initial gap.
Indicating no demand.
Doesn't bode well for longs.
 
Surprisingly weak.
25% of average daily Volume.

An inside day
62% of the time according to Bulkowski
Price continues in the direction immediately before
the Pattern.
That would be down.

But hey 90% were Bullish a few days ago.
Sco Mo couldn't win and nor Could Trump!
 
tech/a said:
Surprisingly weak.
25% of average daily Volume.

An inside day
62% of the time according to Bulkowski
Price continues in the direction immediately before
the Pattern.
That would be down.

But hey 90% were Bullish a few days ago.
Sco Mo couldn't win and nor Could Trump!
Click to expand...

Just wait for the US money to come flooding in.
otc.png
 
verce said:
Just wait for the US money to come flooding in.
View attachment 95231
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Not until it has flowed out, an OTC is quite an expensive exercise for a company I believe, it also gives it a broader area for capital raising, so there is more potentially greater dilution of the stock.
Overall it isn't a bad thing, they would be in quite good company...

The Complete List of Australian ADRs

Now for a chart. Yesterday was very low turnover it may have simply been people who have a manual sell once a stock falls below the 21dsma. No hysterics just an orderly departure. Today is the day TNY needs to get back above that long term support/resistance of $1.16. I feel if it fails to do that it may be wanting to re-test the 95c level.

The Twiggs weekly money flow continues to fall, still above 0% at around 9% so no drama at this stage.

tny 5.6.19.png
 
Good to see you are starting to take notice of those 'vanilla oscillators' Tech/a! :)
 
Well there is a good chance that it will turn out as useless as the last divergence.

TNY 3.png


AND it doesn't suit the positive spin you all
seem to be searching for.
 
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What I am seeing on my most recent chart you drew on was the price rise is starting to get to a better, more sustainable angle, still too high but on the way. Your divergence for the weekly money flow is rising from previous levels. Both positive observations.
 
Ann
Vanilla Analysis is often conflicting and can be read to suit your bias.
As shown above.

It maybe helpful when all boats are rising in a sustained market.
But where specific analysis is required is way too slow,conflicting
and un reliable.

This is of course my opinion which is at 180 degrees to yours.

Im yet to see a trade of yours from start to finish and with
a claim of near on a 100% win rate Im really interested to see
a group of 5 trades which I suggested months ago.

I want you to teach me something---Unfortunately I think its a case of
un proven theory. ( "I can see it clearly in hind-site--why cant I get
it to work in real time!')

As for TNY its doing exactly as suspected.

TNY 4.png
 
tech/a said:
Vanilla Analysis is often conflicting and can be read to suit your bias.
As shown above.
Click to expand...

We all have a bias in every single thing we do or think. I don't believe I have ever met anyone without a bias. So to chart with a bias is not surprising. I have admitted to my bias about TNY. It may well change but currently my bias is bullish.

tech/a said:
Im yet to see a trade of yours from start to finish and with
a claim of near on a 100% win rate Im really interested to see
a group of 5 trades which I suggested months ago.
Click to expand...

Well the trouble was I realized quickly you wanted me to dance to your tune. I don't dance to any bloke's tune, never have, never will!

However I can see you treat stocks like a coin toss as you have low entry and exit fees. You have a bias for trading stocks like you are in a whore house and I treat stocks like a relationship. I spend more time getting to know my stocks. So I guess I shouldn't have expected a higher hit rate from you with a short term trading style such as yours. Had I had a better knowledge of how you traded I guess I wouldn't have been so surprised by your lower success rate. You were just not someone who came into my radar very often.

tech/a said:
I want you to teach me something---Unfortunately I think its a case of
un proven theory. ( "I can see it clearly in hind-site--why cant I get
it to work in real time!')
Click to expand...
I have no desire to teach, had I wished to teach, I would have set up a how-to thread. There are more than enough folks with their how-to threads here. Apart from that, I believe it behooves us all to actively learn not passively expect to be taught.

AIA is still going up...

In order not to go OT any further, I will not keep responding to these style of posts.
 
Gringotts Bank said:
Ann, please do some strawberry flavoured analysis.
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Just for you Grigotts Bank, strawberry flavoured! ;)

Good to see TNY back up above the 21dsma, now can it push beyond the $1.40 resistance line? The US Indices were higher today but one wonders for how long. If they puke then who knows what will become of TNY? Time will tell us folks! :)

tny 6.6.19.png
 
Ann

Would you mind explaining the significance of the 21 day Smooth/MA.
Why not exponential or weighted?
Why is it selected as 21 periods and not some other?
Why is a 42 day not significant. You mentioned once that it bounced off the SMA
isn't it just a coincidence that price hits that level and then moves away from it?
If not why not?
It was breached a couple of days ago--what was the significance of that?
Today it trades at or above it ---what is the significance of that?

Why have you marked $1.40 as a resistance.
What is it resisting at that level? Why is this chosen.
IE what constitutes resistance can the reason for resistance change
in your view?

Currently you have this as a hold. In your view
Has that changed.
What would need to change if
(1) It became a buy
(2) It became a sell?

Thanks.
 
913 downswing is the largest on the chart. 272 upswing response is weak. Wyckoffians might look to exit that sort of pattern.
x.jpg
 
GB

Did you know a book has been written on exactly that!
Ill post up the Title and ISBN Number if interested.
Your on to something!
 
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