Hi all,
Thought i'd check in after a top up on Tuesday at 28c.
Not getting too ahead of mysef, though fingers crossed that will prove to good timing in the next couple of weeks.
Of course the Tata news and the availability of the reference design played a key part in my decision (not to mention i'm at the point where i've accepted that i may as well die on my hill!).
Will do a quick read over the recent postings and see if there's anything else exciting i've missed.
Just thought i'd quickly share something on the TA front which is worth keeping an eye on.
While we have endured some dead cat bounces and faux-reversal patterns over this long towntrend, none have been as promising nor definitive as this potential reverse head and shoulders. Coupled with a crossover on the MACD, 5 day MA crossing over 15 day MA (not drawn on chart) and significant upwards momentum on the RSI, it's certainly promising.
Looking for a break of 38.5c.
View attachment 43438
Should we see this, well, for most of us who have been holding long term, we know how hard this baby can run.
I'll be looking to top up again once we've had confirmation of a reversal - i consider my purchase the other day as pure luck.
Very rare to pick a true bottom.
Hope all are well and here's to what should be a promising close to 2023!
Cheers,
mitchie