»

[VicVan]

sorry missed that - some good charts

My option

UPDATE 1-CAMEC formalises terms of DRC mining licences | Industries | Industrials, Materials & Utilities | Reuters

THis is huge news and shows the speed they are working now. Its fallen back to 11s from that 14/15 sell out of mine. Hence will look to buy Tuesday and hope we see near 20s in short term future

Loading up more CAN also, MWA, looking for GGG to pull back (probably soar to 5 pence now) just watching for some good buy ins on others

[VicVan]

Rebrought at 11.25 today - low enough for me on round II

[AndyB]

CFM slipped below its 20 period daily moving average, next support is the 50 MA. I still think it'll drop a little more, but not much more. Target is 9-10p.

[JonW]

Originally Posted by AndyB CFM slipped below its 20 period daily moving average, next support is the 50 MA. I still think it'll drop a little more, but not much more. Target is 9-10p.

Thanks Andy,

Been waiting patiently on this for a while now - determined to get in 9's for my second run up with this.

i'm impatient!
JonW

[AndyB]

Here's something interesting I learned about technical analysis.

1. It can be wrong
2. It can be right, but inaccurate



So say I say 9p is the target and it gets to 10.1 but you think "Nah I'll wait till 9" then you don't buy and you miss it because it zooms up and 10.1 was the low. That can be a real let-down.

Alternatively say I say 9p and it goes to 7 but you bought at 9. Oh no you're a bag-holder!

A way to get around this is to buy a small position now, and make a trading plan.

"If it gets to 9.0, I will add the rest of my position, else I won't bother"

GL mate. I'm not buying this just yet, I think Afren might pop soon due to a 50/20 SMA cross so I'm holding on to that. Intention to sell half my Afren and switch to CFM if that occurs.

[VicVan]

Sounds crazy but I have started trading ACU - falls to 8.6 now 9.2, then repeats but gently falling back. CFM looks similar, so despite falling, its been spiking back at little jumps. But like 5 - 10% swings despite the tiny size of these stocks vs others. Nice

[JonW]

Originally Posted by AndyB So say I say 9p is the target and it gets to 10.1 but you think "Nah I'll wait till 9" then you don't buy and you miss it because it zooms up and 10.1 was the low. That can be a real let-down. Alternatively say I say 9p and it goes to 7 but you bought at 9. Oh no you're a bag-holder!

Andy,

Don't worry mate - I set my 9's ambition when I last got out of this stock and haven't been influenced in that way by your analysis. I won't be round there with a baseball bat if it heads to 7 after I bought!! XD

I've got a stack of small caps right now and I already made a pile out of CFM once, so it's a 'nice to have' rather than a 'must have', if I miss it at 10.1 then I can live with that!

Thanks for the sage advice though,
JonW

[barrymcgee]

Interesting analysis guys, the price is now at 10.70.. Gonna watch it for the rest of the day and will probably buy in first thing tomorrow!

Thanks!

[JonW]

Originally Posted by JonW Andy, Don't worry mate - I set my 9's ambition when I last got out of this stock and haven't been influenced in that way by your analysis. I won't be round there with a baseball bat if it heads to 7 after I bought!! XD I've got a stack of small caps right now and I already made a pile out of CFM once, so it's a 'nice to have' rather than a 'must have', if I miss it at 10.1 then I can live with that! Thanks for the sage advice though, JonW

Looks like my 9s ambition may be happening. Looking at the chart this morning and thinking mayyyyyybe let it run down juusssst a little bit more...............................

Never satisfied me!!
JonW

[AndyB]

I'm buying very soon

Its clearly completing an a-b-c correction but I want to see a sign of a floor first - either a hammer daily candle or an impulsive move up. Otherwise I'm just catching a falling knife!