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Well looking at today's trades so far it may well be about to take a breather in its ascendance
correction its changed ,a few other lofty late trades reported as well
yesterdays last reported buy was at 137p ,it would not surprise me unless news that most buyers are already bought in that a slight retrace but cest la vie ,who knows at the AACR Event that they may get more clinical work
so we are all agreed then (apart from me), that we will never see the SP below 135p (Currently what it is now to buy. short of a "bad news" RNS?).
like I said (and I really did not think it was remotely contentious,) that although the SP could carry on moving up it is now more likely to close lower than its current 135p SP.
I agree with Traa, although I would add a caveat based upon my limited experience of markets to date. I am thinking specifically of "news will flow and the SP will move". Where AIM is concerned I would change that to read, "The SP will move and news will flow". My observations have suggested to me that the job of the MM's is to stay one step ahead of PI's, at least where the herd is concerned. Rightly or wrongly, it is my belief that the SP is largely manipulated by the MM's. That is not me criticising, it just is what it is. The main occasions where the price rises and holds (through a new RNS) is when a company issues unexpected news such as a surprise contract. From what I have seen in other instances, most other rises are undertaken whilst the majority of investors have their eyes elsewhere, in preparation to spike them and often retrace the intraday when a new RNS containing expected news arrives. The price has usually already been built-in by that stage. I know that some will disagree with me but it is just based on my observations.
RSI matters not. news will flow and the SP will move accordingly.
another push*
on my charts im seeing a possible breather from 150-155p. there is heavy buying of late so think theres a nothing push to end the week on a high. then we may consolidate (without newsflow) but chart is still bullish. minus the technically overbought region.
I have not suggested anyone sell? I am just saying that if you wanted to top up or buy now, the chart says wait as you will most likely get a better entry point.
No hair splitting just sayin...
Nice book, i didn't folllw the smart investors playbook at went all in on angle with an average of 85p.it makes up around 95% of my portfolio lol.
Cant say i regret that decision now even it if was a bit mad
If it dips into the £1.20’s I have a little pot ready to grab more. I simply don’t have enough of these in my ISA.
wynd, it took a breather intraday - remember there is clinic news and FDA submission likely in the coming days - an SP can ignore TA with such rockets ready to be lit - who on earth would sell at this point?? There may be some lull and drift whilst we wait for FDA, but imagine if the contracts keep on coming?
Sure Wynd,
Let’s not split hairs lol. One thing we can all agree on is that we hold shares in Angle and wether by luck or judgement that puts us in a good place!
BoJo, it will take a breather, they always do.
Wyndrum,
Don’t forget that as soon as it hit £1.07 to £1.08 (8 days ago) it has risen to present levels.
I think it is pretty straightforward. Nobody dared sell for the last few days whilst big orders were being filled. Some might be waiting to sell and will if the sp dips but if you look at the month chart, it shows this is only headed one way without taking a breath...
Hardly surprising after the few days of continual gains that the SP is now just about in the "over bought" range.
It can just carry on and go up further, but more likely is that it will (and even if it does move up , it will be by a much more modest amount) have a down day any day now.
Last time it went into over bought territory at 110p it finally topped out at 114p (in April), before falling to to 107p
This is where you have to be quite emotionally detached from a stock because there is a potential dilemma:
If you want to top up now, then the chart says "wait" as its most likely going to fall back from around these levels. But what if it doesn't and it has a final spurt and goes to 147p before falling back to 138p say, higher than it is now?
What to do?
Ultimately, if you have experience that the RSI is more reliable than not, then you wait and if it doesn't work out you have to shrug your shoulders and pay the higher price, knowing that in the majority of times you will get a cheaper entry price.
Nothing is guaranteed, all TA ever tries to do is push the odds a bit more in your favour. GLA