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Author Topic: Technical Analysis - Maybe the "techies" can help you?  (Read 31769 times)

Snakepit

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #30 on: March 26, 2014, 08:30:54 pm »
Dem I got it right!! ???

Na, just joking. Glad I could help. I think I should have been a teacher. I feel good if someone else benefits from my knowledge. :laugh:
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Orca

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #31 on: March 27, 2014, 06:39:52 pm »
As I stated, I don't do trading signals but here is a simple example of how to time your buy area. This is MTA using the 100sma. Each stock has it's own SMA. You just have to find it. If it touches the 100SMA then it is a buy.
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Snakepit

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #32 on: March 28, 2014, 07:34:20 am »
Ja MA's do create S/R zones. The secret is to wait for confirmation before taking trades. MA's or any other indicator for that matter can be broken like a twig. Remember I warned about the 80/20 rule in an earlier article?

MTA is under a support zone. A close above R42.28 would be the less risky entry for me. That put's you above the R/S zone. That Doji of 26/03/2014 messes up the works. If they wanted to go up, why create an indecision candle?

On top of all this, yesterday there was a massive volume spike on the hour chart. I don't know why but surely a share that is getting ready to bounce should start showing green candles? I don't like reading too much into volume. In this case for example, was it shorts taking profit or was it shorts getting in to drive the price down or was it stops being hit?(http://www.topyields.nl/stock-details-ft.php?SYMBOL=mta%3AJNB&x=5&y=5)
« Last Edit: March 28, 2014, 07:39:10 am by Snakepit »
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Moneypenny

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #33 on: March 28, 2014, 08:47:39 am »
Quote from: Snakepit on March 26, 2014, 08:30:54 pm
Dem I got it right!! ???

Now if only I listened to you.
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Orca

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #34 on: March 28, 2014, 12:11:00 pm »
MTA is not a popular trading stock so I will not be too concerned about short term. For the long term investment guys, this would have been a good point to buy. The RSI is low and the price has hit the 100ma support line.
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Orca

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #35 on: March 28, 2014, 05:41:53 pm »
Quote from: Orca on March 28, 2014, 12:11:00 pm
MTA is not a popular trading stock so I will not be too concerned about short term. For the long term investment guys, this would have been a good point to buy. The RSI is low and the price has hit the 100ma support line.

Bounced off it and made 4.9% today.
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Snakepit

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #36 on: March 29, 2014, 09:21:09 pm »
Great. Happy for you.  :TU:
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Snakepit

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #37 on: March 30, 2014, 10:17:39 pm »
Guys, just something I noticed. Growthpoint had a breakout on Friday according to FT.com charts. Ken Calhoun would have been all over this share as it complies with 3 conditions that he requires for a breakout. http://www.topyields.nl/stock-details-ft.php?SYMBOL=GRT%3AJNB&x=8&y=4

1. A long candle was used to do the breakout.
2. Big volume on that candle
3. A close by more that 20 cents above breakout line

Of course this is also number 8 on the list of best dividend shares - http://www.topyields.nl/Top-dividend-yields-of-JSE.php
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Moneypenny

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #38 on: April 07, 2014, 10:12:20 am »
Wall Street Charts today 2 Min & Daily
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Moneypenny

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Re: Technical Analysis - Maybe the "techies" can help you?
« Reply #39 on: April 07, 2014, 10:13:42 am »
Daily
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