Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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mrlister said:
So what your saying is that you know very little of the company and what it's position is, your analysis is based purely on the technical analysis of the shares.

If this is true, I'd suggest there is a lot more than meets the eye with this one
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There is nothing wrong with what you are implying mrlister, and yes, there may be a lot more than meets the eye with this one.

The reality though is are you here to make money or are you just into the nice warm feeling that you may be right.
If it is the latter and you are prepared to gamble over the long term then good on you, if however you adopt a take no nonsense I am here to make a profit approach then technical analysis is the only thing that is a dynamic barometer of reality.
Having both the technical analysis and the fundamental working together is ideal but when you start handing back any profits you may have because "there is a lot more than meets the eye" while the stock is in freefall will guarantee you a place in the 90% of investors who never make a profit..

Below is a post from 6th December and below that is the chart of RED showing where the price was when that post was made, the point is obvious.

beatle said:
I remain confident because of my own fundamental knowledge and valuation of RED, plus other facts that support my view:

1. Its got a stock standard gold plant, costing $85 million (plus or minus);
2. Siana has got around 850,000 ozs gold in reserves - for those who don't understand what a reserve implies, it means its economic and been modeled to accomodate all technical and financial factors;
3. Valuations, on a consolidated basis, remain at around $4.00 - $5.00 depending on the gold price and exchange rate of the day.
4. The project has been assessed and reviewed by a considerable number of industry competent technical consultants on behalf of RED and banks, or by analysts on behalf of instos.
5. There is a considerable shareholding held by industry savvy fund managers and institutions, both in Australia and elsewhere.

Get off the train if you want, and you may well still find a way to where you want to go some other way. I'm staying put!
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tech/a said:
Very little-- actually nothing,
I don't have to.
Same with very trade I take.
Been the same for 18 yrs.

My only opinion based on the technical analysis at that point in time.
You may be right
You maybe wrong.
Either way I'll see it
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Infact long on Monday's open with a stop on yesterday's low is a low risk short term trade.
 
tech/a said:
Very little-- actually nothing,
I don't have to.
Same with very trade I take.
Been the same for 18 yrs.

My only opinion based on the technical analysis at that point in time.
You may be right
You maybe wrong.
Either way I'll see it
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That's fair enough, and I'm sure you've been very successful. With so many opinions, it's good to knOw what angle their perspective is coming from.
 
mrlister said:
Sorry I don't understand what you mean.
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Volume picked up through the day and price ended near it's high of the day.
As such there is the opportunity to take a low risk trade--- short term with a stop at the recient low.

So if the low is taken out a small loss.
If price reaches close resistance re evaluate as price reacts to it.

Can't make it any clearer.
 
tech/a said:
Volume picked up through the day and price ended near it's high of the day.
As such there is the opportunity to take a low risk trade--- short term with a stop at the recient low.

So if the low is taken out a small loss.
If price reaches close resistance re evaluate as price reacts to it.

Can't make it any clearer.
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Nice work tech/a, that's how to make money from stocks like these :xyxthumbs
 
tech/a said:
Volume picked up through the day and price ended near it's high of the day.
As such there is the opportunity to take a low risk trade--- short term with a stop at the recient low.

So if the low is taken out a small loss.
If price reaches close resistance re evaluate as price reacts to it.

Can't make it any clearer.
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Spot on Tech/a! Been reading your tech analysis posts. Paid for my wedding invites today! Cheers :)
 
jah008 said:
If the learnt knowledge ends up paying for the Honeymoon... then yes! :)
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Wedding will be fine I'll skip the Honeymoon!!

Sold at $1.70 I expect a consilidation here and at worse a pull back.
Will see how the analysis pans out tonight.
Only had 10000 of them!
 
tech/a said:
Volume picked up through the day and price ended near it's high of the day.
As such there is the opportunity to take a low risk trade--- short term with a stop at the recient low.

So if the low is taken out a small loss.
If price reaches close resistance re evaluate as price reacts to it.

Can't make it any clearer.
Only had 10000 of them!
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Tech/A Can you explain in simple term for the other half trying to pick up our pace.
 
youngone said:
Tech/A Can you explain in simple term for the other half trying to pick up our pace.
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Will do.
But it really is an explaination in Volume spread analysis.
Plus after using it for 6 or so years it becomes like driving a car.
Try explaining car driving to someone who hasnt driven a car.

But ill give it a go and you and others can practice on observations made on other charts to see how good you get.

Cant do now but later.
 
tech/a said:
Wedding will be fine I'll skip the Honeymoon!!

Sold at $1.70 I expect a consilidation here and at worse a pull back.
Will see how the analysis pans out tonight.
Only had 10000 of them!
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Nice days work Tech! In spite of what Hangseng thinks I reckon you're alright:D
 
youngone said:
Tech/A Can you explain in simple term for the other half trying to pick up our pace.
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As its involved in the way I short term trade I thought Id post it up here.


https://www.aussiestockforums.com/forums/showthread.php?t=23721

Will answer your question and will show an insight to the way I read a chart. In particular this one and will keep following it for a while.

Right now I have a buy stop at $1.72 and if it drops Monday I will cancel that.
 
Interesting day ahead for RED. Hopefully production report is all positive and we'll see a big jump in share price. The big question is, if not all is positive, and things no a bit backwards......what price do we jump off? Technical analysis?
 
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