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Fair play with the trading!
Let’s see what March brings.
By the way, another part of the criteria for the bull flag pattern is for it to be accompanied with high volume, and as you can see on the charts it definitely is...and some!
Joey, yes as I posted earlier I bought back at the support level when I saw the big buys, 2.67p, then bought again after seeing the market reaction to the RNS, 2.90p.
So almost back to my original holding.
On the chart the lower purple dotted zone was support, and when I saw the 6.5m buys go through I jumped on it.
It was also the 50 day exponential moving average, in pink, so looked good enough to me.
https://www.tradingview.com/x/1gfThneQ/
As far as how high it can go, well the completion of the bull flag pattern principle is stated here in the stockcharts dot com website...
Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline.
So on those metrics, and if it follows the completion criteria, it takes price up to c6.25p at some time in April.
https://www.tradingview.com/x/tfH1LfsX/
Caveat, charting is not an exact science, and is not guaranteed to play out.
I am just sharing what is understood to be a chart pattern priciple, the bull flag, and what it represents in technical analysis, so do your own research.
Personally I think it will complete.
If you read my posts I have never said anything bad about the company..quite the opposite..and no I bought at the bottom to enable me to get out with profit. I will probably buy back in again at some point once this has settled and the 10% ers are out again.
barnars I suspect the funds will come from their targeted ‘rapid and sustainable growth’ from April onwards.
Bottmzup did you get back in on time?
What you looking for next target, I think 6p soon?!
On our way back up right now...
Yes I was waiting for the deramp aswell, you sold at the bottom barnard, maybe consider swallowing your pride and getting back in quick before it really starts to move.
A bullish flag on the chart suggests it will go quick if it breaks above 3,2p ish!
A bull flag is a strong buy signal.
https://www.tradingview.com/x/Q12z7Gen/
Barbard you have already told us you have sold out, now trying to deramp. Waster!!!!
Are you in bed with Woodstock1970??
If Q3 we will be cash positive (supposed to be last October) and we are £1m down when is the placing?.
Not doing the company down cos I like the tech but just be careful not all posters are what they seem . GL