As at 4.25pm Wed (now), consistent with earlier outlook (of Gpacket doing a final dip to trap/harm the T+4 contra-players until bottom price of 0.41 circa 28-31 March) they may dip at tomorrow opening to 0.465/0.47 and reverse upward to 0.48-0.485 -- its a false trap to lure the contra to make losses from 0.44 -onwards to 0.41, so stay out the bargain-hunters, you may loose your undies.......
The "0.465" price-reversal calculation is too precise to be irrational in chart reading, whether right or not, it goes toward showing how Msian syndicates is so preoccupied and meticulous in creating chart-pattern to trap/con even the practicing/expert technical analysts.....
hahahaha... it is funny to read your comment, but it is true... Don't think it will cross over to 0.50 and above, it has been so close for so many times but failed to do it. If they really want to make it, it should be done quite some times.
It seem that there is no intention to move across 0.50 or there are too many people get stuck 0.50 and above, planning to sell off during that time.
GPACKET—Stage 3 of the cycle and price can be volatile, Rectangle trading now from $0.405 to $0.50. If break above $0.50 will find next resistance at $0.52/$0.57 and very strong resistance at $0.64. Suport adjusts to $0.43 and $0.405. Very strong support is at $0.37. Exit if $0.37 is violated.For rectangle trading traders will normally try to buy near support and sell near the resistance.
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....
DannyC
166 posts
Posted by DannyC > 2014-03-20 09:51 | Report Abuse
not enough momentum to accross 0.5