Oh of course, this is essentially what a lot of traders will be following, so it’s just an indication of the next moves. You need to also learn to spot the signs so you aren’t buying/selling too soon and being caught out with fake signals.
You also need to look back at the overall picture into 4h, 1d etc to see what the next action will be.
It’s however much better than going blindly, well about now should do when it comes to day/swing trading unless you are very lucky.
Indeed. It would make it very easy for everyone to always win if it gave you the exact answer of what happens next. If you are also intending on holding long it doesn’t matter as much but always good to get a nice entry.
I’m holding GGP until it gets bought out or 30p
@Pdw so here’s a bit later on and I can see it’s still meeting the resistance, next move back to 12.60
There was a good quote on technical analysis in a video I posted a few days back. Basically It said you are not predicting the future, you are analysing the past. This is what a lot of the naysayers don’t get about technical analysis. If you don’t think analysing the past can be useful, well I’m not sure how to respond to that…
No worries. It’s worth looking at the charts at 4h and 1 day to try and spot a significant pattern. Again whilst these don’t guarantee what comes next it’s usually a decent indication of what traders and MMs are playing. Even if you have no intention of day/swing it might get you a few more shares for your money if you see signs of dips. Worth also look at Elliott waves but take it with a pinch of
Patterns do say something about trading sentiment, but I must admit I’m convinced by Elliott Waves. You can pretty much take any squiggly line an see multiple variations of waves on it.
Has anybody else jumped onto this ? Gutted I never caught it 5 years ago at less than 1p. Now 12p and climbing.
8/8 significant results drilling, entering the AIM 100 on Monday. Expected to jump further when the July drill results are announced. And hopefully a maiden resource is found. Results to come this year too from Scallywag which can snow further potential.
Great stuff. I’ve been topping my portfolio up week by week with them. Think they’re about to take off. Some excellent results with 24/7 digging predicted anywhere between 22-40p