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Trade Trends with Bollonger Bands and Twiggs Money Flow

NIP - a reversal play

Chart Forum » Stocks - ASX: short term (strictly TA) » Archive through October 14, 2010 » Beach Energy Limited - BPT » NIP - a reversal play

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Username: peterloh

Post Number: 3862
Registered: 03-2003

Rating: N/A
Votes: 0

Wednesday, October 06, 2010 - 11:18 am:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)

NIP probably bottomed on Monday and I was lucky enough to get on.A seller ditched out 350,000 in a hurry and pushed the price down all the way, until it is cheap enough in someone else view.It started to turn around yesterday and today's white candle probably is a confirmation. DYOR, IMHO.

Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.

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