Chart review. Broke down through the weak support at 40 on increased vol, and now sitting on more weak support at about 35. Another poor night on the DOW then we might be looking at 28 ish support. At that time, this will probably be oversold on the indicators, but will have broken down through uptrend support line. Watching for another opportunity to buy. Hope it turns at this support level for holders.Looks like it may have broken some short term support at 40, and the next real support is at 28 ish, but there might be a little at 35, if this current position is lost. Indicators are saying this is going down for the minute, and when they line up like that, I don't buy. If you're a medium to long term holder this means nothing though. General trend is still up, until it breaks that upward support line.
kromey said:kromey
OK zed sit back and watch.
You been watching Zed??
Nice one Zed sold a fair swag at 40c and bought into GGY good things are happening there. QLD drilling results due soon hoping it might be the next Kagara. Cheers.I've still been watching kromey.
I got out a bit soon before ( 35.5c ) but a trading plan is a trading plan i must stick too.
Still waiting to buy back in at 30c like i said a couple of weeks ago.
I'm not sitting back hoping the sp will hold but waiting to pounce with my profits.
Are you still holding.
Looks to be bouncing off 35 support and respecting the upward trend line. OK night on the DOW may have saved its short term bacon. Stochs look like they're just about to switch. Still waiting for now. Still vulnerable IMO.Chart review. Broke down through the weak support at 40 on increased vol, and now sitting on more weak support at about 35. Another poor night on the DOW then we might be looking at 28 ish support. At that time, this will probably be oversold on the indicators, but will have broken down through uptrend support line. Watching for another opportunity to buy. Hope it turns at this support level for holders.
Looks to be bouncing off 35 support and respecting the upward trend line. OK night on the DOW may have saved its short term bacon. Stochs look like they're just about to switch. Still waiting for now. Still vulnerable IMO.
I've bought back in on the close due to the strong finish. There were a few big orders on the close, one of $200K. Significant reversal off the support trend line and weak support at 35. Stochs turning. I really didn't expect it to hold at 35. Would have to be a poor night on the DOW now for this not to gap up on open due to that finish IMO. But, stranger things have happened.Looks to be bouncing off 35 support and respecting the upward trend line. OK night on the DOW may have saved its short term bacon. Stochs look like they're just about to switch. Still waiting for now. Still vulnerable IMO.
Well, it gapped up, just and then dropped back. I'd expect 35 to now be support and I'll be back out if it doesn't hold above. Appologies to fundamental players on this just holding and keeping, but I'm not very trustful of the U 'bubble' at the moment, with market caps $100m + just on a tenement here and there. Just doesn't seem reasonable to me. So, I have a pretty quick exit strategy for things if I start getting into the red. All the best.I've bought back in on the close due to the strong finish. There were a few big orders on the close, one of $200K. Significant reversal off the support trend line and weak support at 35. Stochs turning. I really didn't expect it to hold at 35. Would have to be a poor night on the DOW now for this not to gap up on open due to that finish IMO. But, stranger things have happened.
Well, it gapped up, just and then dropped back. I'd expect 35 to now be support and I'll be back out if it doesn't hold above. Appologies to fundamental players on this just holding and keeping, but I'm not very trustful of the U 'bubble' at the moment, with market caps $100m + just on a tenement here and there. Just doesn't seem reasonable to me. So, I have a pretty quick exit strategy for things if I start getting into the red. All the best.
Very risky long trade here kennas...remember 70m+ shares to be allotted the following week due to SSPP.
Just remember WMT are in the USA this week with their USA investors presentation roadshow. Will create a lot of interest.
70M new shares on 450M existing shares.. only 15% more shares. probably not that much of a big deal...
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