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From a fundamental standpoint sure, 1.20 is the sweet spot but for technical analysis since we dont have much price action in these areas we could elevator up as there is little resistance past 1.08/1.11. Its essentially new territory for this share.
Saying this, the RSI looks overbought and we could be due a dip to around 94p which imo is our new support level. Very bullish ahead though and ive changed my exit points :). Haven't sold a single share from all the way back down in the dark place.
Guys, £1.70 just on reopening news is not going to happen.
We were at £1.80 pre Covid when it was paying dividends and making profit.
We won’t be posting profit until 2022.
The market is forward thinking but we have to realistic.
£1.50 should be achievable when it’s been proven that tickets sales are going well. Perhaps just a few blockbuster opening weekend numbers will do it, but I would be very surprised if we hit that level before May and we are actually open and the tills are ringing.
The returns will still be very good from here just a bit of patience is needed and some expectation management.
you dont half chat some rubbish
i really wanted to watch cherry and they kept promoting it was on apple tv but turns out they released it in cinemas. What cinemas are open at this month. Guess cine safe in the long run but not in the next couple weeks
yeah thats what i thought sammy ;)
That thick red line is the 25mm s/s hyd raulic back to tank line , 6bar..
haha i hope it wasnt a heart monitor because theres a big thick red line at 170 :O
Need 170p sooner rather than later. I feel we'll see it before June, if not earlier. Gut feeling on opening of cinemas.
I looked too .. couldnt make head or tail of it... never mind lol..
Hopefully next week will be another good week.. made a few quid this week so chuffed to bits.
I saw some numbers , and some squiggly green thingies and red thingymebobs..
Looked like a heart monitoring tachograph to me ...
:-))
did you look at the graph sammy, it says plain as day 11th march ;)
I'd like to think we would be knocking on the door of £1.70 by xmas ..
NOFEAR, I am calmer than calm...
Ain't life a daisy :-))
looks to me like 11th March for 170 but i just moved my cursor up and slightly to the right haha
mid-term resistance 170.. what sort of timeframe we talking to test that? :P
I also don't wish ever in my life to see those low numbers sammy18.
That's why I go by the screen name of NoFear; I don't fear anything in life anymore after having a near-death experience and lived to tell the story. When our number is up, there is nothing that it will stop it from knocking on your life-door and say to us: We're now ready for you. I see life from a different prospective. Let fear be your best friend and use it to give you strength when the worst is about to fall on top of you. Keep Calm and let everything fall into place all in due time.
LTHcine, you're right; I don't look like that guy at all. I'm better looking than that hippy looking trader and pls no disrespecting any hippy trading looking guys either. One day, I will reveal what I really look like. Patience pays. See You all on Sunday night. I'm off. Bye Bye. God-Bless.(*__*).NoFear
I'm hoping we never see any of those 3 support levels ...
:-)))
Hi LTHcine and everybody else who wants to get an idea where Cineworld could be heading, take a look at these expert charts that can be tweaked to suit your trading styles. Its free and perhaps sometimes it blocks you if you use too many times. In that scenario, just delete the website cookies and refresh and you should good to check other shares with the different automated charts like the dynamic expert chart.
Anyhow, apparently we have a current bullish trend with resistance at £1.11 short-term with support at 80.4p,
£1.70 mid-term with support at 49.8p, and £1.50 long-term with support at 51.2p. Either way we're sitting in a
bullish trend in either scenarios.
Ps: this is a cumputer generated model that might or might not or somehow could turn out the opposite from
the above shown figures. Happy Weekend. GLA. NoFear
Dynamic Expert Chart https://www.marketscreener.com/quote/stock/CINEWORLD-GROUP-PLC-9590220/charts/
Cineworld USA currently still open: Wide spread held by MM's
Ask Price: 98.91-pence
Bid Price: 96.76-pence
thats not what i imagined you looked like NOFEAR :)
The Cineworld Bouncing Ball World Famous Theory -Published / Last Updated on 23/01/2020
Stock market volatility is very much like bouncing a ball up a hill.
Watch the Video https://www.financialadvice.net/images/user/video/the_bouncing_ball_theory_for_stock_markets.mp4