Replies to post #21238 on Relief Therapeutics Holding AG (RLFTF)

[Uncle Gee Gee]

Fair question. I thought he had the analysis right. I also had a .52 support line drawn out from 8/24, 8/28, 9/3, 9/8 to name a few, and was watching the volume at .53. May not have exactly unfolded that way, but that's ok because it wasn't intended to be a prediction.

But I hear your point as well and you're obviously not bashing, so good feedback... that's what we need in here... people putting out good work and receiving respectable constructive criticism. We're all working together here. And yes... nothing wrong with being cautious.

[aGuyUS]

On every Chart I have posted since...

I started watching RLFTF $0.5200 is my 50% Fibonacci retracement level.
The volume came to a standstill between 1:10 PM and 1:38 EST A sort of Pennant pattern was forming, but also could be called the beginnings of a channel, which I just realized looking back at the chart. But it was mainly the candles that made me call it weak to the bearish side at $0.5300

Downside candle Indicators
15 of 38 minutes of candled had little to no volume posting no Body candles in yellow
5 were under $0.5300
3 @ the 200 EMVA which was at running about the $0.5290 range below $0.5300
8 of 38 candles were Fully red with FUll bodies suggesting bearish
2 of 38 RED with top sticks Suggesting Bearish
2 of 38 was red with a teenie bottom stick suggesting bearish
1 Red Candle had already Punched through the 200 EMVA
2 more came down to be close to touching the 200MVA @

Upside candle indicators
1 of 38 Green with a half body wick suggesting a strong bullish candle
1 of 38 green with a top stick suggesting Bullish
2 of 38 green with full bodies suggesting Bullish
All Greens were spread out through the 38 minutes so there wasn't a sudden coagulation of Bullishness

It's kinda hard to write all that out in a post while trading.

But now that I have have done it, I ask you,
1. does it sound like this candle grouping was bearish or bullish?
2 Does it look weak or strong either way?
3. Does $0.5200 sound a better entry than 5300 with this described?
4. Would you have Bought at $0.5300 to the bullish side if this was the description of a random moment in time of your trading day?

Curious

Bear in mind I won't be able to respond until 5 hours and 12 Midnight hits as this is my 15th post of the day... :D