I would have thought this would have header higher today. Brent is up nearly 6% since Friday and Fridays rise wasn't priced in fully anyway. I know China's problems are on everyone's mind but still, IAE is simply too cheap
Bang on yet again mate your post from July below. I've been buying all week. @ TraderOne - As you were at least civil in questioning the shout I'll be delighted to explain it mate :) It broke down through the horizontal 48p support in a "lower highs" manner, i.e. a bearish descending triangle so I took the highest high and knocked the difference between that 61p high and 48p off 48p to derive 48-13 = 35p. Of course, you then look to corroborate that somehow and I have the following: 1/ The 76.4% Fib retrace of the 26p to 61p rise is 34.50p 2/ As a trend/channel line lover/seeker, I can put a beauty of a rising channel line at c35p in the next week or so That, in my world/head, is "triple confirmation" - whether it actually happens or not is an entirely different matter and I did roll my eyes when I saw today's RNS and think ffs I've been mugged off again lol but we'll see how she goes - c35p within the next week will most certainly have me reaching for me wallet cos bullish triangulation from there could set up a quid as a target and we loves 3x baggers :) Someone mentioned the gap - well there's actually a gap @ 32.25 and truth be known, I'd be happier if that was filled in the process - maybe a low intraday spike down to 32 then back to 34.50p+ for the close would be ideal so maybe look out for that? If she closes at 26p again then the deal's off cos that *maybe* suggests the market wants more time but I have to see what happens after that to get any kid of read - a straightforward double bottom @ 26p would of course set up mid 90s too ... HTH!
nice 200,000 buy aswell
191,585 buy @ 36.28
Way above the ask
Strong buying action to close
but some are very determined to ensure this doesn't finish blue. Shorters closing by any chance? Taking that as a positive, strapped in for the ride. Good weekend all!
Buying in here for the last few days. Good luck all.
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