I went in and 9% up already. There was a HUGE volume spike yesterday which looks very bullish to me. Stochastics up. RSI moving up. OBV up. Of course there could be another nasty piece of news out anytime and then she can come crashing down again. Risky.
I bought the shares when the price was 200c. I should have sold it when the price was hit 222c today and then buy the shares again at 200c level. Are there any external factors to keep eyes on like Gold price and dollar? Are there any indicator for the steep fall this afternoon, from 222c to 200c Hope the bullish swing will continue tomorrow!
Same boat.Somebody wanted to sell 1 million shares during the closing auction. They managed about half of that. Today's volumes were the second highest in three years. I say let's hold because we have not lost anything not even the "entrance fee".
Today was highest volumes traded since Feb 2007 and the last two days have seen the highest volume ever traded on SIM in consecutive days. Troubling, however, is that with massive volume there was no increase in price - so no clear signal if you're an OBV trader?