Volume good, bad gut feeling (technical)

[highlowlowhigh]

Hi guys...what do you think of this ? Im more of a technical guy not really fundamentals...and still a newbie :sheep:

My preferred style is swing, Iv seen a share price for the last few days with good volume...but it is just not getting higher and actually the price is going down...with a high buy pressure to sell (3:1)

It doesn't make sense technically and everytime something doesn't make sense I put it as price manipulation. Iv bought it and now I regret and am trying to get out.

Please give me advise ? Or correct me if Im wrong ?

Thanks

 

[nunthewiser]

what stock is it ?

 

[highlowlowhigh]

SP*FKN*L

by the way while i was writing my last msg i openned a depth in comsec, after i wrote it went up 5%...this share is really giving me bad luck.

 

[skc]

There has been some pretty bad threads on this forum...

But we may have a new winner.

:nosympath:

 

[highlowlowhigh]

why is this a bad thread ?

im a newbie remember ? im allowed to make mistakes and say and think silly things.

and hopefully ppl like urself can enlighten me.

 

[1q2w3e4r]

No one is permitted to give you financial advice is probably what he is getting at.

 

[Mr J]

It doesn't make sense technically

A share price is going down with volume, and you assume it's manipulation?

 

[highlowlowhigh]

oh no im not asking for financial advise...

dun laugh pls i think im gonna ask a silly question.

but...what things about a share would stop it from increasing in price when buy pressure is higher than sell ?

is this the resistance level ? if it is...doesn't resistant level slow down in demand as it reaches it, then the volume flips ? is it always the case ?

cos right now im really baffled..all the signs are there..and im just trying to understand and write down in my trading log where i went wrong. technically i tried to follow...even to the stochastics..(stochastics was on the higher end...but still not overbought)

 

[Wysiwyg]

I look at recent announcements before I buy any stock. There may be a hint of what to expect. Like a profit downgrade or a sales contract being reviewed or low drill rig availability.

 

[highlowlowhigh]

A share price is going down with volume, and you assume it's manipulation?

nooo the volume is going up...and share price is going down. that's my point..well today volume is slightly going down i can understand that...but what about the last few days ? it was really driving me insane.

 

[Trembling Hand]

nooo the volume is going up...and share price is going down. that's my point..well today volume is slightly going down i can understand that...but what about the last few days ? it was really driving me insane.

Two quick questions you have to ask before you bother with all the "how comes"

1. What was your stop BEFORE you purchased

2. Has it hit it.

Thats TA.

 

[highlowlowhigh]

Two quick questions you have to ask before you bother with all the "how comes"

1. What was your stop BEFORE you purchased

2. Has it hit it.

Thats TA.

thanks....that's the first to go in the log.

 

[Trembling Hand]

Iv seen a share price for the last few days with good volume...but it is just not getting higher and actually the price is going down...with a high buy pressure to sell (3:1)

What does "high buy pressure to sell" mean? I hope you are not thinking that just cause the Depth is stuffed with buy orders compared to sell orders that actually translates to buy/sell pressure??

 

[highlowlowhigh]

What does "high buy pressure to sell" mean? I hope you are not thinking that just cause the Depth is stuffed with buy orders compared to sell orders that actually translates to buy/sell pressure??

yes ! that's it ! well...that is one of my indicators. is that wrong ? i mean...if there are more guys wanting to buy than sell...there's a better chance the share price will trend upwards ? than when there are more sellers than buyers ?

this is quick trades by the way...1-3 days (or even minutes)..is it a crazy indicator for that time frame ?

 

[Trembling Hand]

yes ! that's it ! well...that is one of my indicators. is that wrong ? i mean...if there are more guys wanting to buy than sell...there's a better chance the share price will trend upwards ? than when there are more sellers than buyers ?

this is quick trades by the way...1-3 days..is it a crazy indicator for that time frame ?

Actually mate I would prefer to say nothing more while you are in the trade. Stick to your plan, hopefully you had one and your MM is under control.

Then when its over I will throw my in.

 

[Mr J]

nooo the volume is going up...and share price is going down.

So?

 

[highlowlowhigh]

Actually mate I would prefer to say nothing more while you are in the trade. Stick to your plan, hopefully you had one and your MM is under control.

Then when its over I will throw my in.

plan is to make 5% a week (sounds like a newbie plan hey?)

MM is ummm...i need to read more about that too..i just started trading on Monday

im reading you website now...perhaps i might learn a thing or two, thanks !

 

[nunthewiser]

KEEP YOUR CASH . BUY A PENCIL AND PAPER OR FIND A DEMO ACCOUNT.

 

[highlowlowhigh]

So?

so technically...it's normal ? it doesn't raise an eyebrow at all ?

 

[skc]

There has been some pretty bad threads on this forum...

But we may have a new winner.

:nosympath:

Sorry.. this is not a bad thread at all... it's turning out to be an awesome thread.

opcorn: