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I am still working on these candlesticks since I started to think short term. I prefer to use EOD for a long term chart.
So I check the definitions before I speak....
From an auction theory perspective, doji represent indecision on the side of both buyers and sellers. Everyone is equally matched, so the price goes nowhere; buyers and sellers are in a standoff. Some analysts interpret this as a sign of reversal.
Example of How to Use a Doji
The following chart shows a gravestone doji in Cyanotech Corp.'s stock from February, 2018 following a significant high volume uptrend, which could indicate a bearish reversal over the near-term following the breakout. Ref.
these defnitions come and go and usually examined in hindsight, the bars always require indepth look, "indecision" is another word for "balance" ......it's important to note the difference it infers.....players on both sides have indecision and are decisive too, this is always the case, the bar needs to be examined on a volume basis, .. most volume print at the open from pros and then theyre gone but retailers can close out the day and cause a doji, it looks 'indecisive' but does the volume make-up confirm that idea?
..who best benefits from this "look" of indecisiveness.....keep in mind this is a question in real time...rather than seeing a doji in isolation look at it in context...if the doji has other traders "indecisive" does that make you indecisive too?
the context consists of the previous bars, not how they print, what makes them. how the volume transacted, where it transacted in the overall pattern todate, within the trend or within the chop, again, this will open the idea that the doji is in balance, yet, you have no idea of the full intent of the other players without the context of a little more data.....most importantly ideas surrounding doji's n such as singular ideas to act on serve to narrow a traders focus distracting from what's actually going on
Another perhaps slightly opposing view.
My technical view is that it has currently run its race.
There has been enormous effort to push over $1.20
and it has fallen short.
( I think under $1 in the next few days (3)).
The chart is behaving exactly as expected.
There is nothing usual happening here.
There is no mystery. There is a lot being told in the chart.
But I see people trying to form chart and fundamental
Arguments to suit their own bias.
The bias is clearly bullish.
Every bar
Every snippet of a report.
It is as it is.
I’ll post my chart later
Thanks @Ann @Joules MM1 and @tech/a
The challenge in achieving the fabled '100-bagger' is having the mental fortitude and temperament to hold onto your gains. I can point out that a stock is extraordinarily undervalued - but it takes a certain kind of 'risk-on' person to pull the trigger when an opportunity such as this arises. I don't think it can be taught.
Some people like to lock in gains, some fools like me hold on for dear life. I think this is a long-term story unfolding.
I completely agree with him.What your doing is right for you.
The chart is behaving exactly as expected.
I honestly feel like the dumbest person in the room right now. You three are way ahead of me when it comes to technical analysis.
All I do is look at shares on issue and market cap, it serves me well about half the time. Rest is due to luck.
Thanks for the chart. I’m going to stay the course and see this through to the bitter end!
Many years ago
A mate of mine who worked for a broker was chatting to me
and in passing said
"Ive just bought 100000 DVT.@ 6c
DVT was a tech stock and tech stocks were going off the planet.
I didnt buy any DVT. Davnet
He left 5 mths later to take up a position in Sydney.
From time to time in emails Id ask him when he was going
to sell DVT.
$2.33---$3.70 --- $5.67---$7.35
His response --This will make me a Million!
It reached not much more than $7.35 from memory.
So Id ask---when are you going to sell DVT
$6.90---$5.45---$4.60
One day he called me---I've sold DVT $3.85
$385,000.
and 25 years ago in the Sydney Suburb he was in he could and
DID buy a house he was 26.
The rest is history and he did make his million buy just not with DVT.
OH DVT disappeared and was sold.
It’s all probably going to end in tears. I can see this falling back quite easily.
But if it goes on to new highs, I’d never forgive myself. Worst comes to worst I break even.
TNY looks bullish to me. The pattern is similar to Z1P when it was around $2.40. The pennant/flag segment has the same equal balance of bull/bear volume. Has low turnover and big spreads though, which makes it hard to get in and out.
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