Optibiotix Health Share Discussion Threads

[thebigchap] 12/7/2018 06:15

Just in case anyone is interested ;-)

The head and shoulders pattern works as a reversal pattern that signals the end of a downtrend. As the price progresses downward, it hits a low point and then pulls back to the upside. The price then drops to a lower low and pulls back again. When the price drops again, it's unable to reach the prior low, thereby creating a higher low before rallying again. This movement creates three troughs, or low points, called the left shoulder, head, and right shoulder

You will see two rallies or pullbacks occur during this pattern. One occurs after the left shoulder and one after the head. The high points of these pullbacks connect with a trendline, which extends out to the right. This trendline is called the "neckline." The pictured chart shows an inverse head and shoulders chart pattern with a trendline added to show the neckline.
How to Trade This Pattern
Since the head and shoulders is a bottoming pattern when it completes you should focus on buying, or taking long positions. The pattern completes when the asset's price rallies above the pattern's neckline.
On the pictured chart, the price rallies above the neckline following the right shoulder. Traders call this a chart pattern breakout, and it signals a completion of the inverse head and shoulders.
Traditionally, you would trade the inverse head and shoulders by entering a long position when the price moves above the neckline. You would also place a stop loss order just below the low point of the right shoulder.
The neckline works well as an entry point if the two retracements in the pattern reached similar levels, or the second retracement hit slightly lower than the first.
If the right shoulder is higher than the first, the trendline will angle upwards, and therefore won't provide a good entry point (too high). In this case, buy or enter long when the price moves above the high of the second retracement (between the head and right shoulder).

[judijudi] 11/7/2018 23:49

Parob,
Soz mate, but It’s all Voodoo with a high risk news driven aim share
imho

[shrewdmole] 11/7/2018 23:06

Forget ta with Opti.

Chart looks pretty positive at the moment but the MM can make that look differently in a couple Of days if they so wanted.

Only takes one really blockbuster Rns and the charts out the window.

For me it's all about what the MM will bid for and they've never been bidding stronger.

S

[parob] 11/7/2018 23:04

I spotted a potential inverse head & shoulders developing 10 days ago (last Sunday). It has since fully developed. A move now above 75p with an expansion of volume would be incredibly bullish and I think we're close. We would then be breaking out above neckline resistance and 75p would then become support.

[robo28] 11/7/2018 22:41

Surely with a company transitioning like opti you can't really go of what history suggests?

[slartybartfaster] 11/7/2018 22:39

Kane running for conservative leadership campaign.

[slartybartfaster] 11/7/2018 22:38

Parob i do wish you would give us a break from your TA. Has it ever been right!! History suggests no Rns is going to help here, except one with huge numbers. Or perhaps a tr1 from monkeysass, sorry, i didn't mean to be so crass...i mean Walter Mity.

[slartybartfaster] 11/7/2018 22:34

imnotlong
:D

[imnotlong] 11/7/2018 22:23

Jh, you are just as popular on vrs thread. You know how to make friends.

How was your blood pressure results as well as your cholesterol?
Lpldl can help with that as well. Depending if you are invested or not.

Let us know soon.....

[monkeywench1] 11/7/2018 22:22

Yes we know Mr ramper.

[parob] 11/7/2018 22:17

Let's get above 75p and stay above 75p. Hopefully the next RNS will do it. Chart is looking primed.

[nobbygnome] 11/7/2018 22:10

>> elrico

Having worked closely with doctors for 15 years, nothing surprises me to be honest.....

[robo28] 11/7/2018 22:09

He wouldn't of been prescribed this though would he, he's just taken it off his own back and carried on with his normal life style , so would he really notice a few more KFC's or an extra few fry ups over 9 months , and pints watching the World Cup lol

[elrico] 11/7/2018 22:03

Smith = another TW basher. Oh not not another one. Filter bin. Anyone would think I'm sulking after the game.

[thebigchap] 11/7/2018 21:56

oops haha awh well no more football's coming home nonsense on the radio.

[paulhoodwinked] 11/7/2018 21:44

Jh why was prescribed cholesterol product if you didnt need it? Change your Dr to.

[paulhoodwinked] 11/7/2018 21:42

Goes to show ta is bs. We have had 40p, 44p, 55p. Go short then, simple.

[smith76] 11/7/2018 19:50

Looking at the long term TA next stop 55p

[wreckage] 11/7/2018 19:06

What a start

[nobbygnome] 11/7/2018 18:43

>> elrico

I don't know why you need to be so defensive. Any treatment won't work for everyone.

And come on England!!!

[dire cons] 11/7/2018 18:20

John, I don't know the reason you were taking LPLDL, but you cholesterol was normal anyhow.
As far as I know, it works more effectively the higher you reading. ie. anything over 6.
I stand to be corrected.