Am Asia Ex Jap Discussion Threads

[mattjos] 21/7/2019 19:25

For me, it is an "Adam & Eve Double Bottom' pattern.

[sentimentrules] 21/7/2019 19:20

My charts don't account for spreads.I take all that noise off. Only real mid price open and closes. True gaps or none. Gap real on mine bud. Hope so anyway. Been deciphering them for twenty years lol.

Anyway this is a positive gap. Sell off didn't breach the bull volume weighted close out. Gap a non issue

[mattjos] 21/7/2019 19:19

Glad to read the stock is getting some attention ... at long, long last. It's well overdue on fundamentals & the current gold price sentiment.I have spent some considerable time accumulating a large holding, for the long term so, anything i write needs to be read with that in mind please.Yes, the prior high of 10p is the next challenge .. am confident it will fall at some point and then become support but, not sure when.

[bamboo2] 21/7/2019 19:17

SR, In the real world, ie real trades rather than artificially imposed spreads, the gap does not exist, so is of no importance. I only mentioned it to acknowledge its irrelevance!

[sentimentrules] 21/7/2019 19:09

August above 10p the real assessment I guess

[sentimentrules] 21/7/2019 19:07

Personally think the gap here is no concern to buyers. The sell off was only at a typical target price for traders from low. The volumes, divergences etc suggest the low buyer medium/longterm are indeed, long term serious buyers.

[bamboo2] 21/7/2019 18:59

Matt, Hate it when this happens! [I missed the fact INVH&S confirmed on Thursday]
I still think the potential turn is valid. Will it be a high or low?
The gap only shows on the mid chart, not the last market price based chart.

[mattjos] 15/7/2019 20:22

I have longer term target, based on EW, of 65'ish

[mattjos] 15/7/2019 20:20

Thanks bamboo .. I think we are on same page

[bamboo2] 15/7/2019 20:09

Matt, CNG INVH&S reversal. tp 8
Historical resistance approx. 5.7, 8, 9, 10
Pattern confirmed with eod close currently above 5.7

Next potential turn 22/7/2019 [x3]

A double bottom would confirm with eod close above 10 and a new target price be calculated.

[bamboo2] 14/7/2019 21:44

AGFX, potential turn 16-17/7/2019,

[bamboo2] 10/7/2019 12:23

Hi cfro, re AFX I will try to update this evening.

I can confirm today is a potential turn day. Unfortunately yesterdays close means I cannot confirm direction of turn [if any] until after eod close tomorrow.

[I would guess it will turn out to be a high or peak]

crfo, sometimes certain charts just defy a clear outlook, and this is one of them, at the moment. We'll have to let a bit of time go by...

[cfro] 10/7/2019 09:54

Hello Bamboo2,

Could you kindly post a chart plus your current views on AFX?

Im just interested to know what you think after you called a turn down to around 662p.

Good update today but very high per, so imo from both a fundamental and technical perspective i think it needs a cooling off period. (only my own personal views mind!)

[mad foetus] 22/6/2019 21:19

I actually sold EVR and bought GAW yesterday at about the perfect time: think EVR dropped about 2% after I sold and GAW rose by about that. If only it were always threads, though I bought GAW when the RSI on the 15mins was reading oversold and that a often a good signal. It had also done a very swift reversal the previous day. I think it is 50/50 whether it presses on from here or falls back again, so I'll be watching on Monday and trying to get it right. Probably put in a fairly tight stop and let the market decide.

[bamboo2] 22/6/2019 19:34

acso
Turn 4/7/2019

[bamboo2] 22/6/2019 19:14

mf, Noticed you had picked up on GAW again.
Nice looking uptrend. Support approx. 4400
I followed you in [and out!] last time, and will be looking to do the same next week. Next turn 25-26/6/2019

[bamboo2] 05/6/2019 23:03

Matt, thanks for making the effort, really appreciated.

I remember you mentioned a look the $gold chart elsewhere. I do keep on trying to get something together, but the advfn data is all over the place, with numerous daily candles missing, or empty. Will make another attempt later in the week.

[mattjos] 05/6/2019 21:47

just for you bamboo:

[bamboo2] 05/6/2019 21:32

ACSO, on the watchlist as a possible recovery stock. H&S confirmed this afternoon.

A Breakaway gap formed on 29/7/15 measures 544.2-580 [lmc]

The H&S tp is as low as 510 [lmc] so this old gap is likely to be tested as a potential support zone in the near future.

Potential turns 7-10/6/2019, 13/6/2019 & 4-5/7/2019

[bamboo2] 05/6/2019 21:04

Thanks Matt and russ,

Matt, I still find my screen struggles to show the width of your chart image, and the thread formatting is disrupted. Sorry to whinge!

Daily line charts use only eod prices as a data point. Have you thought about using daily candle sticks for drawing trendlines? Upper and lower trendlines drawn along the extremes of the daily candles will give you a more accurate convergence/apex date.

russ, I'll try to look at your oiler later in the week.

[homebrewruss] 05/6/2019 09:59

I mentioned I3E before, now bowling up nicely, big impact 3 well campaign starting in mid July. First target 60p:


free stock charts from uk.advfn.com

[bamboo2] 30/5/2019 20:43

IPO Group. Potential turn [x3] tomorrow on the mid price based chart.

[homebrewruss] 28/5/2019 09:34

Thanks Bamboo!
Looks like it's taken a more extreme upturn today but guess it could come down later or perhaps a retrace tomorrow makes more sense.

I'm not trading this for now, I think it has a long runway ahead.

[bamboo2] 27/5/2019 20:58

russ, BIDS update, last Friday was a turn day, looks like a high turn.
Prepare for a retrace?
Next potential turn is 3/6, then 5/6/2019
A pattern is confirmed with a tp approx. 25.6