RE:RE:RE:5.50 trump wallBuddingInvestor wrote: F14 I couldn't agree more. I think your bang on. Conspiracy or reality? I just do my best to tag along with them. I have been looking to add more to my position. I'm trying to be patient because normally it would retrace to the price of the offering. I'm wondering if the announcement of the jump to the big board will prevent that from happening.
I like the "Tag along" comment. Describes me to "T".
The jump to TSX definitely has everyone giggling at moment. Just have to be patient.
As far as adding... Here is a very simple technical analysis trick I use as a guideline
go to sharpcharts.com
click link called free charts
type in APH.V and click go.
Go down to middle of page and you will see overlays with both 50 and 200 day moving averages
add a third one... simple moving average at 20 days
hit update
It seems Resistance is at $5.50 of late...
first line of support is 20 day moving average (currently at $5.42)
second line of support is at 50 day ma (currently at $5.24)
I would think if price falls below $5.42 and closes below, the next stop is $5.24
If it falls below $5.24, next stop would be $5
Use this as a guideline only. T/A not always right. And you are always one news release away from jumping for joy or swearing profusely.
Take care,
FI4