Just a couple of charts that really emphasise the absorption...

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    Just a couple of charts that really emphasise the absorption process - KGN in particular really fits the bill for that "climbing the wall of worry" quote in David Weis's book. MNS along with KGN really present at two where I waited each day for the inevitable pullback, which at times seemed was never going to happen. To a certain extent it hasn't happened yet with KGN.

    KGN - I made notes on this one as it climbed to look for an entry.

    https://hotcopper.com.au/data/attachments/2208/2208369-78ef85cd6332ae5a74ec4fe342b25a0e.jpg

    MNS - It has been in a long term downtrend with tradeable bounces so I expected this one to pull back a lot sooner than it did.

    https://hotcopper.com.au/data/attachments/2208/2208373-1f35da728b3ab13c0044f9046d6a8215.jpg

    I set my screens up differently for different trading methods hence the different background colours so apologies.

 
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