A CHARTISTS PRICE GUIDE FOR NON-CHARTISTS.


fingers xxd - Fri, 23 Dec 05 :



GRL - 2.875p .. a bit of a 'tiddler' .. starting with its 'all-data' chart, it shows a number of 'downtrends', but very few 'uptrends'. The price now appears to have reached its 'basement floor', and is now moving sideways.



Its 'short term' chart shows that its 'basement range' is between 2.00p - 3.00p, and its 'intraday' chart shows that several days can pass without the price making any movement .. stocks like this can be unpredictable.





Although not seeing any movement, the price is continuously building up its strength, and every now and then .. with virtually no warning .. all the built up strength can be suddenly released in one go, with a very sharp strong move .. which can occur in either direction .. and the following day, the price can be right back where it started from .. blink, and its easy to miss it completely.

.. if you are a holder, all I can really say, is watch the price closely if 'buys' start appearing above 3.00p, because this may be the first signal of some upward movement, but don't 'blink', because it could be 'shortlived' .. not much help I'm afraid.

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