Normal
with the breakdown to minimum level price can travel and maintain the bullish view, that gap below is looking attractive, it would need to display a flattening (at worse) or inclining (preferred) money flow 13week basis, the downchannel remains firmly intact, PM's are on a downhill slope in the background so that sentiment is not helping the bullish case, fair enough to guess that in a perfect storm a low swing in PM's + a close of the gap + a break of the channel roof would be the cue to look at this vehicle as oversold if we treat all fundamental aspects as being equal to discount(ed) opportunity#patiencerequiredi have always disregarded triple bottoms, that is, an exact price that occurs, in the same direction, 3 times to the cent where that triple bottom can be called a significant swing, i've never seen that eventuate into a rotation to a new trend (to the cent!) - decision to exit on a .925 break is a fair call if the idea that the difference in available script at .925 versus .810 (+/-) would both save capital and allow "breathing" time to re-evaluate ..it is a considerable % difference, may not happen, but, given this weeks action and the ongoing structure of current trend - worth consideringthe RSI is now pointing to a secondary divergent higher low - upon a third higher low with a lower low in the daily price we can consider that 3rd HL (if it prints) a decent prompt to look deeper inside the lower timeframes for additional RSI cues to avoid daily false positiveskeep in mind price can over-swing thru fundamental value for a stock that has built up negative sentiment, still, requires the answer to the question of who is buying all that selling, when does the price become burglary to bargain ?a single whack-a-mole day can rotate trend, some volatility is required to show an aggressive move by deep pockets to get in while weak money flees, thus far that's not apparenthttps://www.aussiestockforums.com/attachments/imd-daily-ratios-rsi-070419-png.93606/https://www.aussiestockforums.com/attachments/imd-houry-ideas-070419-png.93605/#chatty2cworth
with the breakdown to minimum level price can travel and maintain the bullish view, that gap below is looking attractive, it would need to display a flattening (at worse) or inclining (preferred) money flow 13week basis, the downchannel remains firmly intact, PM's are on a downhill slope in the background so that sentiment is not helping the bullish case, fair enough to guess that in a perfect storm a low swing in PM's + a close of the gap + a break of the channel roof would be the cue to look at this vehicle as oversold if we treat all fundamental aspects as being equal to discount(ed) opportunity
#patiencerequired
i have always disregarded triple bottoms, that is, an exact price that occurs, in the same direction, 3 times to the cent where that triple bottom can be called a significant swing, i've never seen that eventuate into a rotation to a new trend (to the cent!) - decision to exit on a .925 break is a fair call if the idea that the difference in available script at .925 versus .810 (+/-) would both save capital and allow "breathing" time to re-evaluate ..it is a considerable % difference, may not happen, but, given this weeks action and the ongoing structure of current trend - worth considering
the RSI is now pointing to a secondary divergent higher low - upon a third higher low with a lower low in the daily price we can consider that 3rd HL (if it prints) a decent prompt to look deeper inside the lower timeframes for additional RSI cues to avoid daily false positives
keep in mind price can over-swing thru fundamental value for a stock that has built up negative sentiment, still, requires the answer to the question of who is buying all that selling, when does the price become burglary to bargain ?
a single whack-a-mole day can rotate trend, some volatility is required to show an aggressive move by deep pockets to get in while weak money flees, thus far that's not apparent
https://www.aussiestockforums.com/attachments/imd-daily-ratios-rsi-070419-png.93606/
https://www.aussiestockforums.com/attachments/imd-houry-ideas-070419-png.93605/
#chatty2cworth
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