I am not a financial adviser so you should not take any part of this blog as being financial advice. Observing and interpreting charts is a hobby and so is this blog. The information in this blog is just my opinion, it may not reflect reality. Stock market investing is risky - you can lose all, or potentially more than all of your money given certain market conditions. Not only can you lose a lot of money buying shares, you can also lose a lot of potential profits by selling shares at the wrong time. So please do not buy or sell shares because of information in this blog. Whether you buy or sell shares is your decision as is the decision when to buy and sell. Do not risk any money you cannot afford to lose. Do not risk any money if you do not fully know and understand what you are doing.

Saturday, January 22, 2011

Giralia shareholders cash out

A massive +$60 million in value of Giralia shares changed hands today. That's the largest one-day turnover of shares in Giralia ever - by a long way. Volume spikes often occur at the top of the market in smaller companies. Could this be the top for Giralia? This chart illustrates the spike.

BHP weekly breaks trendline on RSI
In yesterday's post I mentioned the BHP weekly chart shows divergence between the price chart and the RSI Indicator. Today, the RSI Indicator broke a trendline which shows there may be further declines ahead. That could mean lower prices for resources generally.

But is RIO leading the way down?
RIO broke its trendline on the RSI Indicator back in December.
Posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)