George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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The next rns could be company making. I for one want to see Gary and Maria in dialogue with Fca and fos with clear evidence of the fake claims. That should by us some rope with them. Would love to get off the vreq for complaints and start lending again. Then we are out the gates. Come on Gary.
JudgeJed
Good morning
You are bang on target.
A good or bad RNS will have much more impact.
Sadly none so far today.
However the fundamental & technicals are also part of the overall picture.
Hopefully we are looking at a trend reversal soon.
Or like myself simply find interesting
Surely it makes no difference what the charts say if there is good or bad news then it will go up or down based on that? If all the charts point to a bullish reversal and then a bad RNS comes through its still going to drop
Yes viking you may.
Dont get me started on fractals!
Outstanding Sir.
So the technicals all looking good:
Intraday: Consolidation
Daily: Check (Dragon Fly Doji)
2 Day: Check (Bullish Harmani)
9 Days:Check (Downtrend required For Bullish Harmani)
Weekly: Check (Triple Bullish Divergence)
Thats quite a few positive indicators on different tie frames.
Like a "Fractal" of indicators forming together.
A great RNS will certainly stick a rocket up this share price! lol
GJ- Over to you.
Light the match please sir...
GCN ---- May i concur with your closing line ..... now it's ....... and ending with a ;-) . Are you thinking what i am thinking? Or, have i missed something ? ;-)
a, G & G get a room
b, Come on GJ RNS please
Is that a pattern ? the GGG spot :)
Only joking boys, I'm enjoying the schooling
Ha, you've got all the names. I'm not convinced by a harami but it's not one i would trade anyway. We've been on a convincing down trend for a few weeks now but what I really like if you want a good technical indicator is the triple bullish divergence on the weekly.....now it's over to you to make sure GJ gets us some good news to give it a kick. ;-)
Greatcrestednewt
Can I ask?
I can see the consolidation pattern.
On the daily chart since the 13th of October there does appear to have been a downtrend which appears to have been consolidating over the last 3 days.
Is it my imagination but has the last 2 days also formed a bullish Harami with a Dragon Fly Doji Today?
I understand completely what your saying, a Great RNS can't beat the technicals.
But a Great RNS "PLUS" great technicals could be what we have all been waiting for.
But if you forced me, I would hazard bullish divergence on the daily
Gabriel. Individual bars are less useful anyway, no need to learn all the rediculous names. Only a handful are really meaningful but often misread out of position (for example our dragonfly...is essentially a pin and only really useful as a reversal signal). The trend is more important . We dont really have one at the moment, in a range I would say.
You are right though. Today and yesterday were not for day traders. Very flat!
Volume falling as we consolidate is expected. Difficult to say which way we will go though from here. More a case of looking for the breakout from the triangle. Frankly though I think it's not of great importance since the news we get in the near future will pull this one way or the other regardless of what the charts are doing right now.
Greatcrestednewt
I keep having to re learn these technical indicators as there are so many to remember.
Not something I trade with, but I find the subject fascinating.
What are your thoughts that the volume is shrinking & the SP consolidating?
It feels like for the last 3 days, all the day traders have been shook away, leaving just the rest of us?
I guess it is a dragon fly just about. It doesnt really mean much towards the end of this consolidation pattern. Tbh we will just have to wait and see which way we go as the volume shrinks to nothing.
Gabriel, didn’t know that’s what they were called but the StockMaster iOS app has a dedicated graph showing the dragon fly doji candlestick, and it is exactly how you called it.
Everyday is a school day.
I know there has already been a lot of speculation today ranging from Level 2 Icebergs to Claims figures.
Just wondered if anyone had any thoughts on the technical indicators.
Am I right in thinking todays trading formed a Dragon Fly Doji?
https://www.youtube.com/watch?v=dWkSRpkU_Os
Any thoughts?