Team17 Share Discussion Threads

[boozey] 21/11/2020 17:20

Bamboo I have been following your posts too - thanks for them. I am a LTH with TM17. I was wondering if you could spend a couple of minutes looking at TM17's peer please, SUMO, and letting me know what the technical analysis is on this stock? It was a poor relation of TM17 for a long time but after recent results has come more into the spotlight. I am interested if it has further upside potential from a chartist's perspective. Any thoughts much appreciated. Happy for your to put response on SUMO thread as it is OT here. Thanks,

[bamboo2] 21/11/2020 17:08

Hi Ken, I use a simple trendline apex based signal that suggests possible turning dates. This is combined with prior trend, support and resistance levels and chart patterns.

Have a read here,


The basic TM17 chart is very positive, so a buy and hold strategy is a good approach, but personally I find I get a bit bored!

Trading an uptrend is a good place to practice, as even if you muck up the timing sometimes, you just have to wait, and the trade often comes good eventually.

Attempting to trade a reversal, or trend change, is far more tricky, so stick to continuation type patterns.

[w13ken] 21/11/2020 15:59

bamboo, I'm still on the bottom rung of my learning of technical analysis/charting but I'm reading a lot and have registered on Tradingview. Can you point to what it was that helped you made the decision to sell? To my newbie eye on Tradingview there seem to be buy signals.

[bamboo2] 20/11/2020 15:49

Sold all mine on a potential turn.
gla, back soon.

[smallcap3] 17/11/2020 20:52

For what it's worth, my favourite book is John Murphy "Technical anlysis of the financial markets". Sounds dull but a very easy read!

[starpukka] 17/11/2020 13:21

Hi guys. I learnt a lot of my trading philosophy from reading the 'Naked Trader' books and also following his blog. He is not a chartist but he uses them as part of his overall analysis.

bamboo2, have you followed him at all ?

[w13ken] 15/11/2020 18:39

bamboo and tongosti, thank you for the tips! I will get to work. I also saw some recent Interactive Investor articles from Nicole Elliott that look helpful: For the record I am a LTH of TM17, FDEV & Draper Esprit (GROW) and have another 6 smaller investments. I have signed up to Simply Wall Street to assess share values and financial health and I'm very impressed with it.
Considering trading in Bellway as it has been a yo-yo stock this year but pretty financially sound underneath.

[tongosti] 15/11/2020 12:38

Devour anything from Linda Raschke - a genuine market wizard being a trader for 40+years. She has a free book you can download. Google "professional trading techniques".

[bamboo2] 15/11/2020 12:04

Hi Ken, having tried many different ways of investing in stocks and I am now focussed on the work of US based Thomas Bulkowski

The website is very engaging, and there are a few books that work well as primers, in combination with the website. All the info you need is free. The book 'Getting started in Chart Patterns' is cheap.



There are two main types of price inputs that make up the daily [stick to daily charts] candles on charts, Mid price and Last Market price. Last market pricing is best imo, and can be obtained through a free subscription to Tradingview

[w13ken] 15/11/2020 11:49

bamboo, a couple more questions please if you don't mind sharing: 1. What tools and data source do you use for your charting? 2. Can you recommend any training resources to get us started?
I'm a long-term holder of Team17 but thre are other shares that I would be interested in trading.
All advice appreciated...thanks, Ken

[tongosti] 15/11/2020 11:17

thanks pal - it is radically different to my own approach on both fronts but if it works more power to you. Enjoy your weekend.

[bamboo2] 15/11/2020 10:23

tong, if I'm trading a share like TM17, which has an underlying fundamental strength, and is in an uptrend, it is unlikely that I would use a stop loss at all.

I am very flexible on position size, anything from a few percent to 50% of p/f

[tongosti] 14/11/2020 13:20

Bamboo - you've had a few food calls on here. Well done. Question: how do you go about your stop losses - just curious? In addition, do you employ a preset policy of risking a fixed x% on each trade, or not?Thanks pal.

[smallcap3] 13/11/2020 08:45

Thanks Bamboo. The "s" threw me!

[bamboo2] 13/11/2020 07:54

sc3,

SMA's = simple moving averages.
They can be set at different timescales, as in the chart in the header.
Commonly used are 50/100/200 day
When price is above rising ma's, and the lines are in the correct order, as they are for TM17, 50 above 100, 100 above 200, it is a good thing.
In addition widely spaced sma's offer better support than those bunched together.

[smallcap3] 13/11/2020 07:11

Forgive the ignorance but what does sma stand for? Thanks

[bamboo2] 12/11/2020 20:25

hi maurice, thanks for the post, very kind of you to notice!

I hope others benefitted as well, and were able to sit it out, add, or take a new position.

TM17 has an underlying strength that I really enjoy. The general uptrend and widely spaced sma's, under the price, are key features. gla

[mauricemonkey] 11/11/2020 21:43

Well played Bamboo2, nice timing.

[scooper72] 10/11/2020 22:00

I think you are right that they have been hit cuz of the vaccine. Strange logic though. As you say it is a growth market and one that will continue to find lots of new customers as people spend an endless time on their assortment of screens.

[smallcap3] 10/11/2020 19:47

Thanks both.
Although I can appreciate the gains made during COVID I wasn't expecting a drop once the pandemic has "passed". Not that it has. I still expect it to rise again, what with the new consoles perhaps providing a bit of cross platform interest but wasn't expecting such a fright this morning!

[boozey] 10/11/2020 18:05

Smallcap, in my view video gaming stocks are classified as an apparent ''Covid'' stocks in the same group as for example diagnostics companies and online retailers who have all taken a battering since the vaccine was announced - check Ocado for example. In the market the trend is your friend so in the short-term I see a cycle out of such shares. However in the case of gaming stocks they are in a boom industry - pandemic notwithstanding - and also in an industry that is going through consolidation (see CDM), so I see a bounce in due course especially with Christmas coming up. But many gaming stocks are now on racy valuations so post pandemic the market may reduce its valuations to more normalised levels. Summary is upside now less post Pfizer news. All views my own. I hold TM17 and SUMO.

Edit: Oxman made basically the same point - message crossed.

[its the oxman] 10/11/2020 18:01

My guess. Rotation out of tech / stay at home covid beneficiaries. Could just be temporary if vaccine fails or takes a long time to arrive. Means big gains may be harder to come by from here. We will see.

[smallcap3] 10/11/2020 17:17

Have I missed something? Today's precipitous drop seems greater than those in the past. Is it normal cyclical behaviour, an institution offloading or just a shake?
All opinions gratefully received!

[scooper72] 10/11/2020 12:58

When u say u see a potential turn does that mean either a turn up or down. You say u bought a few more so presumably you believe it will head back up over 700p

[johndoe23] 10/11/2020 12:36

You seem an excellent chartist! I concur...