Why did you not wait to see if it would break the 50% for...

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clogg

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19/04/18

14:57

Post #: 32560276
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Originally posted by niccrx ↑

Currently sold majority of my holding today due to the following early downtrend signals IMO:
Current chart shows SP dropped to 0.017c (50% fib) indicating a moderate strength retracement/downtrend. This is an area i don’t like taking risks. MACD/RSI- confirmed yesterday’s momentum loss and has signaled a downtrend. id be expecting a massive sell off either tomorrow or friday as MACD lines cross breaking support. A increase in selling pressure and low volume is now evident- shareholders want out. I’ll be expecting the SP to retrace to fill the gap at 1.3c. Bollinger bands seem to be narrowing in. GLTA View attachment 1064194
Technical indicators/moving averages(monthly)=STRONG SELL

View attachment 1064197

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Why did you not wait to see if it would break the 50% for confirmation? After all the 50% was the support? Regards

ESH Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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Why did you not wait to see if it would break the 50% for...

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