Australian (ASX) Stock Market Forum

TNY - Tinybeans Group

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kenny said:
Thanks for the helpful commentary, everyone. I wonder if the chart action reflects the flip flop between bullish FOMO and an inherent difficulty in valuing TNY by the punters like me.

@verce any chance you could bring over your ultimate Guide to TNY here and the KPG Capital report?
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Hi Kenny

Happy to. It might have to wait until tomorrow but no problem at all.

I think I may be the only holder on this forum. :cool:
 
Thanks verce, I'm not a holder yet and am curious how the report goes about coming to a valuation
 
This chart is drawn taking into account the highs and lows of the last few trading sessions in order to draw a chart formation. There is a symmetrical triangle which is regarded as a continuation pattern. In other words if the stock has been going up when this pattern forms, in all likely hood it will continue in the same direction.

tny6.5.19.png
 
tech/a said:
Worth getting to know your patterns.

Bulkowski is a Leader.

You can spend days on his site and months understanding his research.
Destroys a lot of long held True'isms

http://thepatternsite.com/BustSymTriangles.html

There are better ways to trade all patterns.
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Yes, I would not argue with what Bulkowski says on the short term as he is also taking the highs and lows into account. He is looking at a three month chart for his statistics. He is a short term trader with a short term view.

A lot of these patterns evolved from a longer term perspective using only EOD charts. The integrity of patterns tends to strengthen using only EOD. With tiny short term moves, these patterns do tend to fail more often.....so what 'e said! :)

Having said that, I drew the chart on the weekend but didn't get around to posting it. So on Monday I was heartened to see the Monday price sitting nicely on the rising support line.
 
Ann

Any pattern in any time frame has a life span.

After X periods it becomes clear whether the pattern has failed or succeeded.
Their validity is the same regardless of time frame.

A triangle for instance in a 1 hr chart will be pretty clear after breakout up or down
within 10 periods
Same with a Daily chart or weekly chart.(10 periods approx)

Other patterns like a reversing pin bar on PNV will show its intention in 3 periods.
(The Pin bar is On a Daily Chart---yesterday).

You cant expect a pattern to have influence after say 10-20 periods regardless of time frame
 
tech/a said:
Ann

Any pattern in any time frame has a life span.

After X periods it becomes clear whether the pattern has failed or succeeded.
Their validity is the same regardless of time frame.

A triangle for instance in a 1 hr chart will be pretty clear after breakout up or down
within 10 periods
Same with a Daily chart or weekly chart.(10 periods approx)

Other patterns like a reversing pin bar on PNV will show its intention in 3 periods.
(The Pin bar is On a Daily Chart---yesterday).

You cant expect a pattern to have influence after say 10-20 periods regardless of time frame
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Babe....I just draw the lines and watch the reaction, been doing it for nearly 17 years! :)
 
Honey......I like to place myself in trades that I can anticipate a likely outcome positive or negative
to maximize my R/R, Been doing it for 27 Years. ;)
 
tech/a said:
Honey......I like to place myself in trades that I can anticipate a likely outcome positive or negative
to maximize my R/R, Been doing it for 27 Years. ;)
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I am guessing always short term ...sweety baby darling! :D (people will start to talk John! ;))
 
As an interesting exercise try recording your guesses if in fact they are guesses.
See if they are better than 50/50
By increasing your knowledge in how to anticipate moves on a chart if your
trading in a discretionary manner you should get a far far better result.

As an example lets work on this Triangle. If I were going to trade it it would be a
daily analysis of the pattern until failure or success. THEN when I'm trading it it would
be daily as a management exercise. UNTIL another pattern occurs or the trade fails.

Let them Talk Ann!
They all have an ignore button.
 
tech/a said:
As an example lets work on this Triangle. If I were going to trade it it would be a
daily analysis of the pattern until failure or success. THEN when I'm trading it it would
be daily as a management exercise. UNTIL another pattern occurs or the trade fails.

Let them Talk Ann!
They all have an ignore button.
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Absolutely agree! Don't stick me on ignore, I am teasing you in a gentle way....I need you, I am trying to teach this old dog new short term tricks. You are the short term expert here! :)
 
tech/a said:
As an example lets work on this Triangle. If I were going to trade it it would be a
daily analysis of the pattern until failure or success. THEN when I'm trading it it would
be daily as a management exercise. UNTIL another pattern occurs or the trade fails.
Click to expand...

This is the point of drawing patterns on charts IMO. I don't look at it as a 'predictive' thing but more a 'potential'. If it does a textbook move then it can be a signal to trade, one way or the other. Having said that there have been many a pattern which has given a false signal and then reversed its position. I see this happen more short term than long term.

It is simply an easier way at looking at company prices in a picture from. Before charting I felt slightly exposed to 'experts' opinions. Now I get to give myself advice, I can stuff up as well as any expert! :D

I guess the analogy I can give is with a short term pattern it is like turning a tinny around as opposed to an enormous tanker. Longer term patterns tend to be much slower with more room for error, short term patterns can take you out fast! A tidal wave on the seas or the markets can turn everything around fast. So size isn't necessarily a safeguard.
 
Appears to be weakening, the tail has fallen below the rising support, however looking at Twiggs Money flow there doesn't appear to be any mass exodus, so far...


tny 8.5.19.png
 
Currently a large spread of 4c This is only thinly traded and while there is
no real demand supply is willing to hold for the moment.
Ive drawn another chart for interest.---sorry Hun!


TNY.png
 
tech/a said:
Currently a large spread of 4c This is only thinly traded and while there is no real demand supply is willing to hold for the moment.
Click to expand...

barney said:
As long as it trades above 88 cents in the short/medium term …. Under 88, especially on diminishing Volume will not be ideal!
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As per Tech's chart above … that 88 cent area is still where the acid lies. If the Top 20 stay tight it could be ok but prefer to see the SP consolidate above a buck rather than under a buck.​
 
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