Potential Trade BSL

   I,m not a financial adviser and this isn,t a buy recommendation,but seems like we are all a bit chicken to go out on a limb with a potential mover.So with all that said and a very high probability of this security doing the complete opposite.....here goes.
Looking for support at bottom horizontal blue line,around 8.51,with resistance at top blue line 9.00.
Go long if support holds, or if breached could bounce at around 8.20, bottom diagnol line.
Good luck!..

Edited by Deacan_Frost

Author	Message / View First Unread Post Share Topic Printable Version Delicious Digg Facebook Furl Google Boomarks Google Buzz MySpace Newsvine reddit StumbleUpon Translate Twitter Windows Live Yahoo Bookmarks Topic Search Topic Options Post Reply Create New Topic
Decan_Frost Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Location: Australia Posts: 40	Post Options Post Reply Quote Decan_Frost Report Post Quote Reply Topic: Potential Trade BSL Posted: 12 Jan 2005 at 7:34pm
	I,m not a financial adviser and this isn,t a buy recommendation,but seems like we are all a bit chicken to go out on a limb with a potential mover.So with all that said and a very high probability of this security doing the complete opposite.....here goes. Looking for support at bottom horizontal blue line,around 8.51,with resistance at top blue line 9.00. Go long if support holds, or if breached could bounce at around 8.20, bottom diagnol line. Good luck!.. Edited by Deacan_Frost

Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Posted: 13 Jan 2005 at 12:36pm
	My 2 bits worth?. Daily shows weakness, weekly shows inconclusive ie too early to call, no firm trend?. It would have to conclusivly break $9.00 for a breakout to the upside. Depends on your time frame. With the general market pushing all time highs the risk is that the US will tank and our market will correct in sympathy. I'm more comfortable with a select portfolio of stocks (at multi-year highs) to short atm.

Owen Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 15 Nov 2004 Posts: 97	Post Options Post Reply Quote Owen Report Post Quote Reply Posted: 13 Jan 2005 at 9:55pm
	Cobra, what's atm?

Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Posted: 14 Jan 2005 at 12:55pm
	Sorry, 'at the moment'. Not some cryptic chart indicator

Decan_Frost Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Location: Australia Posts: 40	Post Options Post Reply Quote Decan_Frost Report Post Quote Reply Posted: 17 Jan 2005 at 1:50pm
	Edited by Decan_Frost

Decan_Frost Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Location: Australia Posts: 40	Post Options Post Reply Quote Decan_Frost Report Post Quote Reply Posted: 17 Jan 2005 at 1:55pm
	Would appear,resistance is being experienced,roughly where anticipated.Lets see if we get the push to around 9.00. Edited by Decan_Frost

Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Posted: 18 Jan 2005 at 12:58am
	Decan, If it's not a rude question, what derivitives are you trading at the moment (from your other post). I'm with Etrade (Etrade Pro platform), but have currently started to dabble with CFD's (Contracts For Difference) with CMC Group. Cobra

Decan_Frost Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Location: Australia Posts: 40	Post Options Post Reply Quote Decan_Frost Report Post Quote Reply Posted: 18 Jan 2005 at 9:08am
	I to am with CMC and trade in CFD,s Not that i would recommend CMC. What exactly do you do with etrade.Is this just straight buying selling shares? CFD,s pretty cool though hey!.

Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Posted: 18 Jan 2005 at 4:12pm
	Decan, Just normal buy/sell stocks, etc. I can't complain about CMC too much, only their rebidding gets a bit frustrating at times. Mainly trade the Aussie 200, as it allows scope for a decent day trade return. I like the ability to go short mainly, but you have to put your stops in fairly tight. I've got a watchlist of their CFD stocks if you want it?. Cobra

Owen Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 15 Nov 2004 Posts: 97	Post Options Post Reply Quote Owen Report Post Quote Reply Posted: 19 Jan 2005 at 4:26pm
	Guys I've actually been thinking about getting a CMC account, mainly because they seem to have the best brokerage rates. So what's CMC like? Decan says he wouldnt recommend it.