64 replies to this topic

[orca]

Hi orca, if you draw a trend line from the bottom left shoulder to the bottom right shoulder you will see the trend is going up that's what i mean. I am still confidant to get good results for the medium/long term.

No Franz. H&S don't work like that. As long as there is a Higher Head it works. Google it and you will see what I mean. Drawing lines that go up does not mean the stock is to go up. That line up or down if gets broken through downwards will carry on down.

It was the thin volumes yesterday that negated this move. Thin volumes can make a stock go big time either way and it went against the indicator.Today we had large volumes for some reason that I can only speculate on but it worked and drove it up.

 

We should see more gains in the coming days due to the fact that it is behind the trend for it's sector. Hold onto it and you will get your rewards. I am now glad that I did not sell.

[franz]

No Franz. Look at the pic I posted and not the latest chart. It clearly shows the head well above both shoulders. Anyway, it failed perhaps due to low volumes.

 

Hi orca, if you draw a trend line from the bottom left shoulder to the bottom right shoulder you will see the trend is going up that's what i mean. I am still confidant to get good results for the medium/long term.

[orca]

this head and shoulder is in an upward trend, right shoulder higher than head and left shoulder lower than head. i don't see any reversal soon

 

No Franz. Look at the pic I posted and not the latest chart. It clearly shows the head well above both shoulders. Anyway, it failed perhaps due to low volumes.

[brads]

BOOM!!!

[franz]

this head and shoulder is in an upward trend, right shoulder higher than head and left shoulder lower than head. i don't see any reversal soon

nice chart.

looks a classic H&S. 

Lets see what happens next..

[mervman]

I'm looking to add more at current levels   Has a great future IMO.

[orca]

nice chart.

looks a classic H&S. 

Lets see what happens next..

Failed. Perhaps volumes too thin? 

Auto stocks and auto parts stocks have done well in the east so MTA must wake up.

[gamma]

If she breaks below the neckline then normally it carries on down.MTA.jpg

 

nice chart.

looks a classic H&S. 

Lets see what happens next..

[brads]

If investing for long or medium term then you must disregard these signals as they are usually short lived. MTA has a great future.

I need to sell within the next 30 to 60 days. Think I'm going to wait for a spike to 38/40.

[orca]

If investing for long or medium term then you must disregard these signals as they are usually short lived. MTA has a great future.

[brads]

If she breaks below the neckline then normally it carries on down.MTA.jpg

Thanks.

[orca]

Hi Orca

 

I know nothing about trading so bear with me. What do you mean by this? Could you briefly explain the theory behind H&S (I assume head and shoulders)?

If she breaks below the neckline then normally it carries on down.  MTA.jpg   39.52KB   42 downloads

[franz]

I see some of you selling off Metair, i think it still has good prospects for the long term, I m still holding and have been now for over 2 years, the fundamentals still look good, hope i'm right    

[gamma]

exited @3427, might regret it but other opportunities beckon

 

 

same here. out at 3420

think I'm going to add some more ellies. prices looking too good

[delta66]

exited @3427, might regret it but other opportunities beckon

[orca]

If MTA breaks through that 100SMA then I will sell.  MTAJ.jpg   41.78KB   36 downloads

[brads]

I'll stick around for another 2% drop. Bought at 18.40 so not too bad. If that H&S works then a 2% drop will increase.

Hi Orca

 

I know nothing about trading so bear with me. What do you mean by this? Could you briefly explain the theory behind H&S (I assume head and shoulders)?

[orca]

I'll stick around for another 2% drop. Bought at 18.40 so not too bad. If that H&S works then a 2% drop will increase.

[soutie]

Director: A.J. Becker
Company: Metindustrial (Proprietary) Limited
Date of transactions: 24 May 2013
Nature of transactions: Sale of shares
Class of security: Ordinary shares
Price per security: R35.00 (VWAP); R35.00 (lowest); R35.01 (highest)
Number of shares: 15,710
Total value of transactions: R549,858.69
Extent of interest: Direct beneficial
Written clearance to deal: Yes
 

 

I repeat my previous post, the biggest sellers are senior management. For whatever reason be it holiday, 4x4 , timeshare whatever.

 

The flip side seems to be a decline in the share price.

 

My last post on MTA as I'm out. Best of luck (sincerely) for those still in. 

[delta66]

lol,,,i'm back to around my entry point as well.  still undecided if i should exit.