lowtrade

[lowtrade]

SEEK chart and "V" bottom trading comments.

You did well with chart and TA eval.

As usual I'll add/repeat my thoughts about "V" bottom plays.

After bear flag FIBs hits 61%, there are 4 support levels to cross for bear flag target and the odds of a successful "V" bottom target being reached is better. So I use that for entry, missing some of the play, but lower risk of entering a successful bear flag.

Then strong watch for throw back high break, for re-entry on trend reversal sentiment. Continuation sentiment on trend reversal "V" bottoms are usually resistance levels of a single bottom bounce play.

So in this case re-entry target would be throw back high, then .005, and .006+/-, as you trade the mid term single bottom play.
http://stockcharts.com/h-sc/ui?s=SEEK&p=D&yr=0&mn=6&dy=0&id=p44756285517




Old post video on "V" bottom trading. GOOD one !!!;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97598180