Rank: Chief Joined: 8/4/2010 Posts: 8,977
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stockshunter wrote:hisah wrote:It is interesting after the listing high of 5.25 and crash to 3.10 then rally back to 5.80 and retrace back to 4.50, this counter has been bullish since.
As per cartoons, the breakout from 6/- was going to be furious since 5.25 and 5.80 had proved to be tough resistance layers. Using the fibo tool, when measure from 4.50, the counter today has printed a high of 7.80 which is a 100% fibo level. If bulls can keep up, the next extension 123.6% will see the price hit 8.50 and at 138.2% extension the price will scale 9/-. The market being what it is always tends to behave beyond reason and it is getting frothy at these levels as bulls chase the bonus issue...
@metaspoilt - this one has played out nice for a trader's game.
@stockhunter - what is your profit take. Are you in the long haul? If yes, no need to answer, but if you have recovered your capital like @pkoli and @bartum, then selling some is not a bad idea. @Hisah following your analysis (and am very grateful  ), I amended the sell price from 7.50 to 8 bob and the amount I want to sell is just sufficient to recover my capital the balance, which is the profit I will regard it as free shares and forget about them for the next several years. how is the out look on the EAPORT after solving their domestics, looks like they are the next bus to me even though the sellers are very stingy ati the only amount available is quantity 100 @ 95. EAPORT still bullish, but a lot of resistance all the way to 120 if you look at the long term charts. But like MSC, I don't like the politricks involved and not keen about it.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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