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Hi pant thanks for your response I will look into it later from your view point still trying to understand how to spot the waves peak and troughs of wave and what types they are Zig zag, triangle etc. Unfortunately came on this today whilst at work and well someone should have put a spoiler alert!
Yes
Its just the maximum low but we don’t have to go there and hopefully won’t. Any good news and we should complete the Current wave and do an immediate volte face and zig zag up to above the previous high ... IMHO of course I don’t know what the other wavers think
Hi noobz
Just catching up on the BB it got too busy last week. More reasonable today.
Since April I have the first e-wave starting on 14/5, peaking at 39p and completing on 22/5
The next wave started immediately peaked at 81p and has yet to complete
These waves should form part of a.larger e wave, which should mean we are in wave 4 if the larger wave. If I have read it right then we cannot retrace beyond the peak of wave 1 which was 39p but just because we can doesn’t mean we have to
Eliot wavers what do you think? The BB is nice and quiet today we might get a good discussion going to prepare us for Monday !
If you wouldn’t mind sharing it or atleast in part I don’t want to steal your winning formula just trying to learn some new techniques of analysis and a lot of smart people here I can pick up from! I am just wondering if 45 is bottom or we keep going I can’t tell which way it will swing...
There will be a bounce but to what height and for how long we don’t know. There is too much news in the pipeline for it not to happen. We all know that the trick is to catch the bottom which is more luck than judgement. I have a table that I use to help me and I will post it on a separate thread.
IMHO
The only absolute bottom which we can determine for certain is zero if it goes bust again.
Of course I hope that doesn't happen because I have a lot invested and it needs to climb significantly to get back to my entry point
Dream machine. I actually think the walking down will stop about 40p and hold and I think they will release the DBX news along results to bounce back..... but what do I really know, just a thought!
They all stink! Hope they burn!
Hi Rox, ah yes forgot to add tat discount in. I’d be surprised for 28p again as that level would probably throw us out the FTSE this time, so let’s hope there just wanting a top up but not get!! I did think yesterday held well at 45p a bit like when it held at 28p.... or was that just me hoping!
Oops! Yes sorry didn’t mean to confuse anybody.
Even that’s wrong CC.
I did a table a while ago lining up the different prices but I didn’t do the lower numbers. I will dig it out and update it and put it on a new thread.
Cheers.
35p would be 42 Rox
Hi Leon my guess and it is only a guess is that it will hover around 50p based on the amount of support and the oversubscribed share issue. Please remember that the broker rating of 35p is the equivalent of 28p (surprise surprise) before the most recent dilution.
IMHO
You would hope the 40p holds. Last time went to 28p due to rifts issue. So only reason to drop to 35p is due to broker rating and I know people say don’t pay attention to them but lately they’ve been roughly right! Let’s hope for a 50p open and steady there till news!
Good morning everybody.
Well what a week!
Quite glad it’s over tbh to gather my thoughts.
Normally I wish the weekend over but when the share price is downward it’s quite nice to for the markets to be closed! Ha ha
On a positive note and if you have the courage it’s worthwhile at least considering selling a small percentage of your shares (20?) and buying them back at a lower price? I’m no expert and yes it is both risky and scary in equal measures but if this does go down before (hopefully!) recovering then you end up with more shares for the same £.
If the shares go up and you miss the boat then worst case you still have the cash which isn’t a bad thing. I have done this several times now and it really is lucrative.
All IMHO of course!
Agreed ...
And it's the much lower gap that concerns me.
Feel they may just try n fill that in a quick shake on one of the dips
Hope not but its what they do
Barchart still showing Opinion at 80% Sell with support and resistance as follows:
Support & Resistance
2nd Resistance Point 53.440
1st Resistance Point 50.320
Last Price 47.200
1st Support Level 44.560
2nd Support Level 41.920
Will be interesting to see how this goes next week but still not looking good and certainly not any buy signs as yet.
Still learning this one after all your previous messages would this be an example of entering or near entering wave 3 since April covid crash? Obviously hard to tell where the bottom is in this wave if we will be in a bull or bear market Monday will tell! but strong resistance in the afternoon since 2:30 mark Possibly the 4th wave sector with it going sideways at 3.30 mark. Also wave 3 slight sideways action not linear but stiLl had higher highs than the first wave peak aswell as lower lows at wave Sector 4. Bigger bull 1 wave Since our 80p drop starting around 12.
I hope that makes sense just want to double check my knowledge if I’m correct?