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Potential Trade BSL |
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Decan_Frost ![]() Regular ![]() ![]() Joined: 18 Dec 2004 Location: Australia Posts: 40 |
![]() ![]() ![]() ![]() Posted: 12 Jan 2005 at 7:34pm |
I,m not a financial adviser and this isn,t a buy recommendation,but seems like we are all a bit chicken to go out on a limb with a potential mover.So with all that said and a very high probability of this security doing the complete opposite.....here goes. Looking for support at bottom horizontal blue line,around 8.51,with resistance at top blue line 9.00. Go long if support holds, or if breached could bounce at around 8.20, bottom diagnol line. Good luck!..
Edited by Deacan_Frost |
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Cobra ![]() Regular ![]() ![]() Joined: 08 Nov 2004 Location: Australia Posts: 76 |
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My 2 bits worth?. Daily shows weakness, weekly shows inconclusive ie
too early to call, no firm trend?. It would have to conclusivly break
$9.00 for a breakout to the upside. Depends on your time frame. With
the general market pushing all time highs the risk is that the US will
tank and our market will correct in sympathy. I'm more comfortable with
a select portfolio of stocks (at multi-year highs) to short atm.
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Owen ![]() Regular ![]() Joined: 15 Nov 2004 Posts: 97 |
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Cobra, what's atm?
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Cobra ![]() Regular ![]() ![]() Joined: 08 Nov 2004 Location: Australia Posts: 76 |
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Sorry, 'at the moment'. Not some cryptic chart indicator
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Decan_Frost ![]() Regular ![]() ![]() Joined: 18 Dec 2004 Location: Australia Posts: 40 |
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Decan_Frost ![]() Regular ![]() ![]() Joined: 18 Dec 2004 Location: Australia Posts: 40 |
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Would appear,resistance is being experienced,roughly where anticipated.Lets see if we get the push to around 9.00.
Edited by Decan_Frost |
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Cobra ![]() Regular ![]() ![]() Joined: 08 Nov 2004 Location: Australia Posts: 76 |
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Decan, Cobra |
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Decan_Frost ![]() Regular ![]() ![]() Joined: 18 Dec 2004 Location: Australia Posts: 40 |
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I to am with CMC and trade in CFD,s Not that i would recommend CMC. What exactly do you do with etrade.Is this just straight buying selling shares? CFD,s pretty cool though hey!. |
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Cobra ![]() Regular ![]() ![]() Joined: 08 Nov 2004 Location: Australia Posts: 76 |
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Decan,
Just normal buy/sell stocks, etc. I can't complain about CMC too much, only their rebidding gets a bit frustrating at times. Mainly trade the Aussie 200, as it allows scope for a decent day trade return. I like the ability to go short mainly, but you have to put your stops in fairly tight. I've got a watchlist of their CFD stocks if you want it?. Cobra |
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Owen ![]() Regular ![]() Joined: 15 Nov 2004 Posts: 97 |
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Guys I've actually been thinking about getting a CMC account, mainly because they seem to have the best brokerage rates. So what's CMC like? Decan says he wouldnt recommend it.
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