tricha
18-04-2010, 10:42 PM
The stocks below are basically gambling stocks. TA is a load of bollocks, if this example is anything to go by. Maybe we could have a few more T\A examples.
Anyone like to do a meaningful T\A on Beach:confused:
My favourite stock based on fundamentals is Beach and I doubt Beach is T\A able.BPTBeach Energy Limited FPOhttp://www.stocknessmonster.com/images/australia.gif http://www.stocknessmonster.com/chart/stockness/hist2/ASX/BPT/1y/line/30/0/
They are all news driven and on any given day they could explode or implode.
I had a quick look at EKM and this has potential with gold and Uranium. It's a pure gambling stock.
We all know where CUE stands, as long as the oil price does not crash, it should be a winner.
NXS, toss a coin to where this one will go.
2:33 pmRequest for Trading Halt (http://www.stocknessmonster.com/news-item?S=NXS&E=ASX&N=487540), any one like to bet,
They are all news driven and on any given day they could explode or implode.
13.04.2010
NGE 23 cents
NXS 28 cents
CUE 23.5 cents
VMS 35 cents
EKM 8.9 cents
http://www.sharetrader.co.nz/images/icons/icon1.gif
http://i602.photobucket.com/albums/tt102/PhaedrusPB/NGE.gif
(1) Technically, the strongest of the lot. Rising OBV (not shown) Note, though, the long upper shadow on today's candlestick. This usually means short-term weakness - see the other 2 earlier examples of this. Translation :- Wait for this weakness to resolve itself before buying.
http://i602.photobucket.com/albums/tt102/PhaedrusPB/NXS.gif
(2) Second choice. In a nice uptrend, although showing a little very short term indecision (Doji candlestick) It might pay to delay buying for a short time. Rising OBV
http://i602.photobucket.com/albums/tt102/PhaedrusPB/CUE.gif
(3) Struggling to overcome resistance at 24 cents. OBV also failing to overcome resistance. Not recommended.
http://i602.photobucket.com/albums/tt102/PhaedrusPB/VMS.gif
(4) Flat lining. Going nowhere. Flat OBV. What's to like?
http://i602.photobucket.com/albums/tt102/PhaedrusPB/EKM.gif
(5) In a downtrend. Falling OBV. Too illiquid. Don't even think about it.
Anyone like to do a meaningful T\A on Beach:confused:
My favourite stock based on fundamentals is Beach and I doubt Beach is T\A able.BPTBeach Energy Limited FPOhttp://www.stocknessmonster.com/images/australia.gif http://www.stocknessmonster.com/chart/stockness/hist2/ASX/BPT/1y/line/30/0/
They are all news driven and on any given day they could explode or implode.
I had a quick look at EKM and this has potential with gold and Uranium. It's a pure gambling stock.
We all know where CUE stands, as long as the oil price does not crash, it should be a winner.
NXS, toss a coin to where this one will go.
2:33 pmRequest for Trading Halt (http://www.stocknessmonster.com/news-item?S=NXS&E=ASX&N=487540), any one like to bet,
They are all news driven and on any given day they could explode or implode.
13.04.2010
NGE 23 cents
NXS 28 cents
CUE 23.5 cents
VMS 35 cents
EKM 8.9 cents
http://www.sharetrader.co.nz/images/icons/icon1.gif
http://i602.photobucket.com/albums/tt102/PhaedrusPB/NGE.gif
(1) Technically, the strongest of the lot. Rising OBV (not shown) Note, though, the long upper shadow on today's candlestick. This usually means short-term weakness - see the other 2 earlier examples of this. Translation :- Wait for this weakness to resolve itself before buying.
http://i602.photobucket.com/albums/tt102/PhaedrusPB/NXS.gif
(2) Second choice. In a nice uptrend, although showing a little very short term indecision (Doji candlestick) It might pay to delay buying for a short time. Rising OBV
http://i602.photobucket.com/albums/tt102/PhaedrusPB/CUE.gif
(3) Struggling to overcome resistance at 24 cents. OBV also failing to overcome resistance. Not recommended.
http://i602.photobucket.com/albums/tt102/PhaedrusPB/VMS.gif
(4) Flat lining. Going nowhere. Flat OBV. What's to like?
http://i602.photobucket.com/albums/tt102/PhaedrusPB/EKM.gif
(5) In a downtrend. Falling OBV. Too illiquid. Don't even think about it.