The Oracle
Posted 19 September 2014 - 02:59 PM
Its an illiquid share, thus a move down of 10c very possible and happens all the time, especially when you have a 5c spread. If you looking for a 50c gain, you cannot be worried about a 5-10c fall before there.
for illiquid shares, techs count for nothing!!!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Member
Posted 19 September 2014 - 02:58 PM
Fundamentals aren't stacking up here. I'm actually worried that these guys might have to go to the market to de-risk their balance sheet.
Its an illiquid share, thus a move down of 10c very possible and happens all the time, especially when you have a 5c spread. If you looking for a 50c gain, you cannot be worried about a 5-10c fall before there.
Yes, I will take your money! 
Newbie
Posted 19 September 2014 - 02:54 PM
Its an illiquid share, thus a move down of 10c very possible and happens all the time, especially when you have a 5c spread. If you looking for a 50c gain, you cannot be worried about a 5-10c fall before there.
The Oracle
Posted 19 September 2014 - 02:10 PM
My own
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Newbie
Posted 19 September 2014 - 02:09 PM
May I ask which service you use to get that report?
My own
The Oracle
Posted 19 September 2014 - 02:07 PM
down 7% today 
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Newbie
Posted 19 September 2014 - 02:01 PM
May I ask which service you use to get that report?
Trade View:
Long Ellies (ELI) @ R2.00
Technical View:
The share seems to have found a double bottom at the R1.75 level, and has since been moving higher on increasing volume.
Our Impulse system indicates we have a buy signal of short term momentum to follow.
The MACD has given us a higher low whilst the price has made the same low (Bullish Divergence).
The first target would be 50 EMA and previous resistance level at R2.35, with second target at R3.00
A trade below R2.05 with targets mentioned above, should be set with a stop loss at R1.90
This represents a reward/risk ratio of 3:1 to target 1, and 10:1 to target 2.
Edited by Christo, 19 September 2014 - 02:01 PM.
Newbie
Posted 19 September 2014 - 01:59 PM
How do i add a picture screenshot of the chart?
Advanced Member
Posted 19 September 2014 - 01:57 PM
About time...
Newbie
Posted 19 September 2014 - 01:47 PM
Trade View:
Long Ellies (ELI) @ R2.00
Technical View:
The share seems to have found a double bottom at the R1.75 level, and has since been moving higher on increasing volume.
Our Impulse system indicates we have a buy signal of short term momentum to follow.
The MACD has given us a higher low whilst the price has made the same low (Bullish Divergence).
The first target would be 50 EMA and previous resistance level at R2.35, with second target at R3.00
A trade below R2.05 with targets mentioned above, should be set with a stop loss at R1.90
This represents a reward/risk ratio of 3:1 to target 1, and 10:1 to target 2.
