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Ash
I wouldn't be surprised by anything tomorrow. Could open£1 or more could open 80's To be honest would be nice to get some more in 70's but I cant see it.
This is in a bull trend but hanky panky with china could skittle things tho.
Great thanks. Yeah I’ve been watching smhw since Boris update on Monday. Be interesting to see where that goes once airports are open too.
Jai,
For me when 62 was broken that was the 50 day MA breached so was in a bullish channel. So I bought. To a point I agree techs now are not completely accurate atm as the situation we all face is unprecedented. But you have to start somewhere and buying on a hunch is dangerous. Follow the money IMO. I had my eye on RBG for last few weeks and was waiting till mid june for them but last couple of days boom. Missed it. So hard to call at the mo.
I dont normally recommend shares but I think Smwh could boom. Only 130m shares in issue.
Gl whatever you decide.
I can see this hitting another 10-15% tomorrow. I expect it to swing from 90-110p perhaps. I hope the buying momentum continues, but wouldn’t even mind if there’s a retrace to mid 80s. If it does hit well over £1 I may sell and buy back
Jm. Ok I’ll take a look. And cheers for the info. Hopefully you can stay around and share some knowledge on this journey with Cine.
I was half in at 53 Jai and 59..... but sold at 70 and 80. Not sure anyone saw that coming today, I was planning for more swings in the 60-90 range!
Are there more swings at a higher price? Can't help but feel this will be far less volatile now as the future is far more clear. In my novice opinion I would logically think that uncertainty must create the volatility, and conversely that a clear understood path, creates a steady eddy
Jai
Using charts on this is difficult as we've never seen anything like this but you can use Fib levels to try and predict a range but its difficult like I say at the mo. I would always say buy in an uptrend above the 200 day MA but that to is hard at the mo.
Google fib levels (fibonacci) just have a quick read. But also look at moving averages they help to. The 50 day MA is a good level to break..
I would add anything below or around 77 but it may just continue up. I think last couple of hours tomorrow could be the time to buy as some may take profits for weekend then up again next week. The pressure will build to open so just keep adding. I think we may se 135-139 on open.
SWC eh Orms. Shoulda Woulda Coulda. All guilty of that. Yup me too mate, I’d have been all in at 55. Oh well at least we are at the party, although a tad late. GLA
I'd sell my house to be able to invest at 60p right now in cineworld......as I could replace it with 4 more come mid-summer
Hoping for £100+
Realistically I'm expecting 85-87 though.
Jm. Thanks for that. I’ll be honest, I’m not 100% sure what most of that means but you sound like you do. It also sounds like we are in a good place here with some more upward movement imminent. Thanks
I’ll play Jco....... 91.3
98.8
Interesting that this more or less hit the big fib retracement level or close to (78.6) so you from being stable at 55-57 ish it has now hit the uptrend in the 61.8% fib. (89p) which means 38.2 fib should be the floor 76p which is roughly what the chart says(77) next fib is 78.6 (98pl which it hit today. So you could argue fib 61.8 is the new floor at 89p. But all depends where you take the original floor. But these should be rough numbers so 60p is gone.
Gl all anyway
Mister.
Sit on side lines you might get your buy in another 10 years you never know.
60-75 bit of a range that. Lol.
The 60p reistance was smashed it will not revisit that range. Possible mid 80's but this is in uptrend and you buy in uptrend. Good candlestick formation today. This will be over a £1 very quickly. Imo hard to find a trading range but from charts it could be floor 77p ish but nothing stopping the gap upto 139. But even that is slight could go more. The problem with the charts from the last 5 year are stable over £2 so effectively no ceiling until then. You cannot plot the trading range.
It'll keep those chompers quiet and can watch the film in peace. Who cares if it's weeks away, just look at all those covid19 test companies with no product yet. Get in now before it's up another 20% +++
Lest we forget, we closed up 21.43% today at 93.84p. That is a very bullish signal with all technical indicators saying buy. Even a modest 6% rise tomorrow will get us to £1 per share.
No share I've been in that rose double digits didn't rise the next day unless there was very bad news of some sort. Nothing like that here.
Some punters likely sold out today, looking for a lower entry, trying to talk it down and trying to trade. I doubt very much the musings of anyone on this board will have any major effect on the SP. I'd only believe this won't break £1 tomorrow if the rise today was lower but a 21.43% rise today cannot be ignored and a sustained tight range of 93p-96p shows sells were being soaked up without wild swings. Basically consolidation.
I expect further consolidation at a higher price bracket going into early June. Only 4 weeks left till the cinemas open their doors to what is likely to be a massive blockbuster summer with a kick off movie by none other than Mr Chrisopher Nolan, the director with 7 movies in the top IMDB top 250 list.
Cinemas make a profit even at very low occupancy rates. 30% off to be precise. With the masses looking for escapism, I reckon this summer will be a bumper year for the Cinemas. The rise over the last week and more importantly the 21.43% rise to the monster RNS today would suggest the market agrees also.
MisterP??? Are you on the wrong board? 60 to 75, you avin a laugh!
Sorry should read. Last few hours might be time to buy. Darn phone
Rampers of this stock need to check themselves. Weeks and weeks until cinemas open HERE, and who wants to watch a film wearing a mask...
Better to sit on the sidelines and wait for 60-75p than to get spiked.
Wise.
Yes agree has helped pump it up but now I expect it will continue to climb more steady as it is now well set in anticipation for open with some periods of consolidation this could be the first period but I think tomorrow will be another 4-5% rise again. Could be some profit taking Friday going on tomorrow so few hours could be time to buy ready for another climb next week..
GL all.
Unless they pump out another great RNS. That was a cracker today, nobody was expecting that.
I have my buy set in the mid 80s. Trying to trade a little without being too greedy. Usually doesnt work for me but got my sell pretty spot on today.
Still bullish about this. I just cant see too much happening between now and a few days before openings actually happen.
I disagree. This has real momentum now. I think it will test £1 again tomorrow.
1million buy at 94.14. Nice
I agree. A retrace is likely tomorrow probably back to the mid 80's?
Can't see this over £100 tomorrow but maybe in the coming months.
I also don't think this will go near January's price for quite sometime, you have to factor in that they have done no business for 3-4 months - I would say £100 - £118 is a fair price for when they open?
IMO
Very bullish end of the day, finishing up 23.41%
Price stayed solid in the tight 93-96p range.
We should break and maintain above the £1 figure tomorrow going into June where we should get more details on the measures being taken by Cineworld to give us all some much needed escapism.
With Cinemas ability to be profitable anywhere between at 10-30% occupancy, show me a better share to get into that can weather this Pandemic where social distancing is now the norm and where Cinema occupancy is usually 20-30% anyway.
Stock is still down down 58% from January.
Fill ya boots.