Remember the Cliff I Spoke About?Here is a refresher course...
Parabolic is exactly why I'm staying away for the next while. What goes straight up usually comes down the same way....straight. Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25837885#37ej13xklw7o2srT.99 I will invest, but at this point being a technical trader, I just can't justify it using my own rules. Too many price gaps that inevitably due to my beliefs must and will get filled. I've had many arguements on SH about gaps.
in the end however, each and every gap that I argued must be closed....has. Do all gaps close? No, but in my view and many others 90+% of all price gaps get closed and FGD is littered with them. Not to mention all the other indicators that show the stock in the short term way overbought.
And thanks for the heads up on Leaf but I've already had the pleasure of experiencing his predictions from other stocks here and am quite aware his.....let's say over enthusiastic views of stock values.Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25838166#WdIuqpXARHlsU0ED.99
I believe today's gap will be the final one as it is known as an exhaustion gap.
Exhaustion Gap Investopedia
Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25838584#o8WhhIs2mRX0IIEg.99
Looks like today is the beginning of the gap filling stage. 0.66 is the next gap to fill.
Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25843041#uzSa4YxGwiyjpPg8.99
Scary Chart
First I've never seen a MACD do straight up before, that's not good. Nor is the overbought RSI and overbought Slowstochastics, William's R, MFI, CCI, or pretty much any other indicator as the chart blow show you.
[url=]I didn't want to do a double post. ]FGD Overbought Values[/url]
Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25843150#74jZCDUeDKBWoQuH.99
RE:100% buy on barchart
If you follow those indicators you will lose everytime as the only time they post a 100% buy is when the stock is in overbought territory. Just as it would have said it was a 100% sell prior to the big run up.
If you do not know how to follow or read TA's my suggestion is to not go buy the online buy/sell suggestion. Just a friendly suggestion from one that does read TA's
I'm surprised I haven't heard the excuse that TA''s don't apply to penny stocks as that is usually the first or second line of defense for the traders that want you to buy at the highs. TA's work on all stocks other than 0.02cnt stocks.
Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25843398#cJuZxYygaShcQrak.99
Hockey Sticks
Buying at the top of a hockey stick is never a good idea. I actually have my bid in at 0.475 as that is the last significant gap that will need to be closed.
Isn't it funny how news comes out at just the right time ?
Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25843521#2LHZubiAC0DCbxeu.99
RE:This will be much...
And no one is denying that statement, it's just that summer is a long was away.
Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25844322#7q2tfplSu5JQKqk8.99
Here's one of my favorites...
RE:Fundamentals trump Technicals
And yet it was the technicals of "yesterday" that resulted in "today's" price movement after the news released "today" and not yestertday. So obviously the market doesn't think that yesterday's news was as good as most here think it was.
It is a new issue that has come about since yesterdays exhaustion gap was given. So Nah! Technicals probably mean nothing....lol
Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25844927#mUCBg0vS6ilMuC2x.99
Pay close attention to these dates...
Charts Don't Lie
And anyone yesterday or today suggesting others should buy this stock at these levels either just simply don't know or they don't have your better interests at heart. The chart below is a clear indication of that.
Please do your own DD before you buy or sell any stock....and don't follow the heard.
https://stockcharts.com/h-sc/ui?s=FGD.V&p=D&yr=0&mn=4&dy=0&id=p16471035850
Read more at https://www.stockhouse.com/companies/bullboard/v.fgd/first-global-data-limited?postid=25845108#PxulGPAYKI4t1gEk.99
...I think you get the idea