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hector

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Posts posted by hector

  1. A quite compelling technical narrative from ADVFN:

    tradesmarterright.png 15 Nov '19 - 20:39 - 9008 of 9014
     
    Been watching for a few days and entered this morning, couldn't get filled as the price kep moving price I wanted but loaded up quite a few at 615. I had 610 as support with secondary support at 600 and aware it could spike low to 575. For now I think this is in a long term downtrend BUT a counter trend bounce is due and whilst everything points to SELL, I think a trading bounce is on the cards and very soon this will become a very compelling investment as opposed to a trade...For now this is a short term trade BUT I will be keeping this "on radar" for investment.

    Whilst the short term news has been negative and broker down grades etc it would appear to me that we are oversold, approaching double bottom, long term support and a whole load of other technical patterns that suggest that a short term bounce is due and that we are probably in the last phase of the long term downtrend

    A lot of folk dont believe in technicals (and that is fine by me) but for now it does appear a good risk/reward set up in my book...I'll stay long above a 595 close and if wrong try again nearer 575.

    Looking at long term weekly trend and short term trend they all point to decent returns if you buy below 625 (as usual shares can plummet as well as fall, but lets hope there is method in my madness...betting against the dominant trend)


    Starting with the long term chart...below 625 looks good for a bounce?
    p.php?pid=chartscreenshot&u=Sz04lbBnzHt72Qzxx4HPO%2BqpnwPMBoPg0yomrScH1Yw%3D
    free stock charts from uk.advfn.com



    Potential short term bounce target
    p.php?pid=chartscreenshot&u=XVWfkENL0YiLU0a7tc283XxFA9J5pHvt%2BogxmKSpJZ8%3D
    free stock charts from uk.advfn.com



    Bearish Triangle...but counter trend bounce due?
    p.php?pid=chartscreenshot&u=CI26fuKY3c5%2B2ziVpdXbI8v8WoNOvFu68vdeEMpAP70%3D
    free stock charts from uk.advfn.com



    I'll be "flexible on approach to 650"...lets hope we get there and smash thru
    p.php?pid=chartscreenshot&u=afDKeiJzSDytbaGHeswbs%2Bcr7cUZklYzXPXslN4ogHs%3D
    free stock charts from uk.advfn.com



    Looks like a bullish "W" bottom to me and as others have stated possible triple bottom...I see 600-610 as support zone and hope it holds (575 risk)
    p.php?pid=chartscreenshot&u=ZQEGJayEvMIyvCcea5vv8kBYlpRenAzy0IvxS0sdCKM%3D
    free stock charts from uk.advfn.com



    Bearish long term vs the fight for bullish short term
    p.php?pid=chartscreenshot&u=go0QCmI%2B%2F2FjCkvlaDXRA6OQmX4hm%2BiGRzLcNLh9Emw%3D
    free stock charts from uk.advfn.com



    Mr Bollinger agrees we are well due a bounce
    p.php?pid=chartscreenshot&u=ymPCZBqSRbEwzXngmYNX3w5eOs%2FOJk%2Fo1SjMbcwMvIw%3D
    free stock charts from uk.advfn.com



    Buy signals below 625
    p.php?pid=chartscreenshot&u=ywgApLB8cK7ugJ580WFxQc6r8oD59Ui5iPYn8sVMjSQ%3D
    free stock charts from uk.advfn.com



    Short term pivot points
    p.php?pid=chartscreenshot&u=%2FoUsYgAZmnG0QBmmR1i5FLRk9g6V9I302ar8QpdoXQE%3D
    free stock charts from uk.advfn.com



    Below mean average...buy below the line sell above the line
    p.php?pid=chartscreenshot&u=m881r15Mn2oOmfI9uvTnEOdtbp8lhS8QdqVzVGoc%2BLw%3D
    free stock charts from uk.advfn.com



    Oversold hints time to buy was today
    p.php?pid=chartscreenshot&u=OW2v2ecemSYB8GanDsSzT8%2Fz3jP11ybpFfIgBxzR2kc%3D
    free stock charts from uk.advfn.com



    Bullish "hammer" candle...suggests buyers pilled in at bottom of range
    p.php?pid=chartscreenshot&u=xlEO1I2iI6WTSP5FLUqAUI%2B8tXFzTPH7V%2FEsy7%2BLims%3D
    free stock charts from uk.advfn.com



    Investors selling on approach to 100 day (bearish trend, but plenty of room to bounce and also to fall, but risk/reward is compelling)
    p.php?pid=chartscreenshot&u=5P12L7ifKPoks5CqroZbVm6okN6EZz1JQGdpIxuakdg%3D
    free stock charts from uk.advfn.com



    So technically I hope we bounce short term, we really need some meaty director buys at these low levels to "turn the market view" but down 7% this week, around 20% in 3 months, -25% this year.....it appears we have under performed the sector by around 30% and with the share price down over 50% in the last few years but revenue is up that smells like an over reaction to me and the markdown and downgrades could just be the bottom of the trend. Not had time to do in depth analysis on the fundies but had to react quick this morning on the pullback and that long term bull wedge will give one hell of a meaty return once it breaks to the upside.

    Best of Luck
  2. 7 hours ago, jerpy said:

    Good luck to you, I think a lot of these silver plays fundamentally need a solid or ascending silver price to shine.

    You seem to be implying that the silver price has further to fall. I can't blame you for seeing that, but I really think that the Fed's easy money policies have restarted with a vengeance and we're unlikely to return to the $14s or even $15s as in the last tightening cycle.

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