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what do you think of this chart
how bad !!!
[size=18:4f678465f2]Thank you for the quick respond admin[/size:4f678465f2]
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Rank: Advanced Member
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Can't see the image... Can you resubmit using the Attachment Posting Control Panel ? :) In the post just hit the button that says add attachment.
M
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Rank: Member
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Hey Note-al
What do you want to know?
It looks pretty reactive and has an upward trend with increasing volume...
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I have around $150K in this market I lost around 6% in two days
From the chart I think it is going in downward trend
If you look down the volume is going down
Please take another look and till me if you don’t mind
Anyway I’m just a beginner maybe you are right
Thank you
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Well... ultimately any interpretation will be subjective...
IMO, your question will depend on the time frame you're interested in. I mean as a whole, for the 3 months you have printed, the trend is up. No doubt. Looking at the areas you have circled, the drawbacks (at least the rate of decline) are less severe with each passing area you circled.
If you glance back at the first of May you'll see a decreased volume, but security continued to rise. I would be concerned if the volume increased and the price started dropping.
Stop loss assignments will depend on the risk you are willing to assume and how this investment fits into your overall portfolio. Some would call 6% loss mild, some would already be out of it by now. Only you can decide that.
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Rank: Advanced Member
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Let me say that you can not base your decision on our advice or comments .... Now I have edited your chart. And my guess is that the price will go back down to the longer term trend line ... Most likely will bounce back up ...
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Rank: Advanced Member
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Disclaimer
These are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in securities trading. Equis International and the forum accept no liability whatsoever for any loss arising from any use of these products or their contents.
Ah ... I'm not going to get in trouble now :-$
PS : What do you think of my charts? Can you tell I used all the incredible tools of paintbrush to create this piece of art :D
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Rank: Member
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I really appreciate your help guys
I guess tomorrow is trend down then
I’ll try to get out and go back to it sometime next week
Thank you
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Rank: Advanced Member
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Yea, the short term focus would be a whole lot different than looking at the 3 month trend! IMO, the shorter the trend the tighter the stop needed. 6% loss... 30% loss?!?!?! You'll be broke in no time. :shock:
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Rank: Advanced Member
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Quote:Can you tell I used all the incredible tools of paintbrush to create this piece of art?
It looks like a big crayon drew that! Smooth, but effective, P! :P
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Rank: Advanced Member
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Quote:g_stockman: Smooth, but effective, P!
8:-)
Quote:note_al: I guess tomorrow is trend down then ...
Tomorrow could be up and the next 3 days down :wink:
The point is that short term, it looks like this is going down to the longer 3 months trendline ...
It is also possible that g and I are completely wrong :D
Patrick :mrgreen:
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Rank: Advanced Member
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Quote:It is also possible that g and I are completely wrong
It's more likely for one of us than the other... :smt016 <<< that's me green with envy... Patrick is my idol!
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Rank: Member
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I wish it will not go down in the beginning of the day till I sell what I have there. I’m 90% in
I’ll try to sell them all for sure by the end of the day I’ll be 100% out
I’ll let you know what happen if you don’t mind
By the way tomorrow is off no market it starts Saturday;
Peace :smt030
Cheers
:boire:
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