CT...notice the higher bottoms...m looking at 0.67 equality,to be conservative, but we may c a slight pullback from here b4 up.Watch out for 0.59,wont be a bit careful on this count.
trustme932, yap. for the last 2 days, price stablized at retrace -24%=0.58. I noted yr concern but if vol increases x3 prior to breakout, i believe it can above 0.67 & +24%=0.75. In regards of 0.59, i m of the opinion price may not go back there again & perhaps at 0.60-0.61.
Posted by trustme932 > Oct 17, 2013 02:31 PM | Report Abuse
Its a pity,they didnt push it lower than 0.58 as either way if u look the chart pattern,our upside targets wud be met
Hi trustme932, im sorry that i dont get u here.. if price does go lower than 0.58, what chart pattern could possibly form? Apologise for my ignorant & hope u clarify a bit ? TQ.
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trustme932, i have confident today it will move bcos it has formed pennant that almost reaches to the apex.. I hope my looking at this pattern is correct.
trustme932, i probably know how u got your TP 0.67. It's currently trading at 5th upleg Wave or rather use simply in case i confuse myself; Wave5. If i assume 2nd Wave increasement 23% is similar to 5th wave, so this TP=0.67. Maybe i got it coincidentally only, hehehe, no harm to guess what/how u analyse if i want to improve & hope not end up to b yr laughing stock. hahaha . Good Nite & have a sweet dream.
CT..the 5th one is always a tricky one esp if the 3rd is overextended,which means it has even covered the final objective n thats y the 5th can turn out to be a failure.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CityTrader
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Posted by CityTrader > 2013-10-17 13:21 | Report Abuse
Trustme932, may u share yr tp? M waitin for the breakout 0.665. My 1st tp=0.72.