This is my Technical Analysis on African Rainbow Minerals. ARI.ZA.JHB
So anyone can do a Chart based on history. But based on that HISTORY we all can Learn to see key POINT's where there where possible clues as to how we should've considered our Trades / Investments. {Grammar here Graham?}
The Chart I've shown is trying to predict {Impossible} entry points for the commodity using the Fibonacci principles of support or rejection.
If you are a SUB 35 Year old Investor, you have nothing to worry about as you have DEAR TIME on your hand - possibly an Apple or Samsung Watch. "JOKE".
However if you are a Retired Investor, my best Advice is to sit still for now until a new or better trend has been established. Never throw your hard earned children's inheritance at a declining asset.
Simple Mathematics shows you only accelerate your losses.
Simply STOP.
But Important - Do not SELL.
If you sell at a LOSS you are destroying your CAPITAL.
You will always own that stock.
The FEW exceptions' are if you believe the stock will go to ZERO or unless you can ensure better GAINS on a different Trade.
Things Change - Rather Wait.
Investing requires Patience.
No consideration for me here as I am also Guilty of making these same Mistakes, I am down some -10% this year.
I trust my Technical Analysis can Assist all who Study the same. PS I am busy learning the "Elliot Wave Principles" to further my knowledge.
Loyiso (Loyiso_BlaqueSoros_Mpeta) is quite an Expert in this Regard. Please follow him if he accepts your request. He also presents his knowledge on BD TV.
I trust my studies can assist all that view.
Kind Regards
Graham.
So anyone can do a Chart based on history. But based on that HISTORY we all can Learn to see key POINT's where there where possible clues as to how we should've considered our Trades / Investments. {Grammar here Graham?}
The Chart I've shown is trying to predict {Impossible} entry points for the commodity using the Fibonacci principles of support or rejection.
If you are a SUB 35 Year old Investor, you have nothing to worry about as you have DEAR TIME on your hand - possibly an Apple or Samsung Watch. "JOKE".
However if you are a Retired Investor, my best Advice is to sit still for now until a new or better trend has been established. Never throw your hard earned children's inheritance at a declining asset.
Simple Mathematics shows you only accelerate your losses.
Simply STOP.
But Important - Do not SELL.
If you sell at a LOSS you are destroying your CAPITAL.
You will always own that stock.
The FEW exceptions' are if you believe the stock will go to ZERO or unless you can ensure better GAINS on a different Trade.
Things Change - Rather Wait.
Investing requires Patience.
No consideration for me here as I am also Guilty of making these same Mistakes, I am down some -10% this year.
I trust my Technical Analysis can Assist all who Study the same. PS I am busy learning the "Elliot Wave Principles" to further my knowledge.
Loyiso (Loyiso_BlaqueSoros_Mpeta) is quite an Expert in this Regard. Please follow him if he accepts your request. He also presents his knowledge on BD TV.
I trust my studies can assist all that view.
Kind Regards
Graham.