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Online Share Trading

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when will this fall...

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DR_1
Super Contributor
sitting short for the last week and it does not seem to be falling...
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21 REPLIES 21
Ninja
Super Contributor
Get out and short Exxaro instead.....
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Not applicable
overbought, rsi down, everything agsinst it, and the dow is down, soon
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Not applicable
DONT WORRY BY FRIDAY ull take your profit
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Shard
Super Contributor
Puts are even cheaper now, might by some more.
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venice
Super Contributor
If you're wrong you're wrong. Get out and re-enter when you're right ,share price above 20 ema uptick on the rsi, not a good short yet. Your emotions are driving you, Dow direction undecided your at risk beware.
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Russ
Super Contributor
Also hitting resistance at the 100 ema.If it pushes through this it could get going.I would be surprised if the price drops below 108 again.Seems to have moved back into a bullish position.On the other hand volumes have been low. Too unpredictable for me.
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Not applicable
mtn broke through a long term bottom resistance three weeks ago, that was build up since 2002. rsi is at 65, overbought must go down
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SimonPB
Valued Contributor
must go nowhere, it'll go where it wants .
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Russ
Super Contributor
Where do you think it wants to go?
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SimonPB
Valued Contributor
well for now it is going up - until it isn't. If one wants to short, then wait for it to be going down.
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Not applicable
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Not applicable
Simon, the share just went short, the TA was right
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SimonPB
Valued Contributor
right for today. Wrong for every one of the last 5 or so days.
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Electrox
Super Contributor
This share bounced from its lows on Low volume, And tested heavy resistence between R115-R118. First target support @ 105
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MichaelR
Regular Contributor
Being a bull this one will go like a bullet!
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Shard
Super Contributor
Must admit, simon has you there. There are so many support levels for this share, even it falls below one, the next one is only 1% lower.
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SimonPB
Valued Contributor
nah, my point is to wait. trading is patience, shorting before today was going in too early, now the first part of this downside is just covering losses from jumping the gun.
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Russ
Super Contributor
I meant surprised if it CLOSES below 108.I'm not surprised yet,but almost was!
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Not applicable
guess a close below 105 will mean support at 96 - should be a good profit tomoro
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