SoilBuild
Even though it only starts trading like only last week.. yesterday's activity of SoilBuild captures my attention. Nothing confirmed yet but definitely a stock you can see start monitoring with me.
Posts
Olam - Potential Short Setup
Got interested by a forummer comment on Olam and its downside. At the moment, I must say my wyckoff/vsa tells me that I am with his projection on the downside until I see significant pull back in price/volume. Failed tests are one of the most miserable set up for anyone who is long. Fundamental wise : I am no fundamentalist - But I do know who owns olam. However, that doesn't mean we wouldn't see Olam going back to its $1.30++ prices. Who expected Noble to tests $1.05 last year when it was still trading comfortably $2.00 the year before. What I mean is that, impossible is nothing. Adidas. I will be queuing my short if price does goes higher a little to my comfort level. Comment on last pic : If olam does retraces down so badly, than I must back test the significance of the 3rd pic.
On Stocks Trading Technique
On Geo Energy and future chart ... Other than the obvious consolidation that can been rather straight forward from the chart...but there are times that this kind of long period of consolidation can easily fails...one classic example is innopac where it ding dongs sideways for so long before 20 cents was broken and it is currently trading at 18.9 cents at the moment. What I'm trying to say is that not all charts that move sideways = accumulation = good. If only trading is that easy....everyone will be happier and has fat pocket.
