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I'm usually very interested to hear what the chartists viewpoints are and this can sometimes feed into decision making - assuming you have some faith and trust in the relevant poster.
However, I have concluded that this share is being played so much that charts don't really come into it any longer. The price is being dragged up and down not by market sentiment, not by oil price, not by fundamentals or news or coronavirus, but by MMs. Pure and simple.
This will be the case until the price reverts to a believable trading range.
While the share is held down then top up on the drop and hold hold hold.
re - would like to see it close above 16.48, that would be a higher high
Goodness gracious me, how can it be a higher high, 16.48p when yesterday close at 16.50p?
show the money, better show the chart with this higher high
JAdam
Could you recommend an introductory text/article to Charting for a ****wit like me? I am thinking of an overview at this stage to take some of the mystery out of it
John
downbutnotout: "yo there goes 16.83p. now on target to do a full retrace. whoda thunk it."
Well, try thunking again.
JAdam, I'm probably opening a can of worms but, is there a technical level that Hur needs to close above at end if play today (for the week) to suggest support and trend reversal?
JAdam
Have you made enough money to buy a robot?
dam!
they are too expensive for you
I do not know who is in charge of the order book but certainly, they have managed to interfere in today's proceedings and the share price went exactly where it began or close yesterday 16.50p. if that is not manipulation I don't know what it is.
Someone is talking about its own mind
ignore that one is "OUT of its mind"
this share ignores fib levels. it has a mind of its own.
yo there goes 16.83p. now on target to do a full retrace. whoda thunk it.
Jadam and others thanks for your candid views appreciated.
[I have been looking for a new predictive system ever since my wife swapped over to tea bags!)
MasterRSI says 50.0% 16.83 bouncing point. well lets see!
guys this is following the movement in the price of oil and the markets. theres been a pull back in the market since yesterday. oil price pull back is now oversold.
i mean Tullow Oil (TLW) lol
So JA do you regard yourself as a long term holder of HUR, or will the charts inform/dictate your continued participation in the share?
How do you resolve a conflict when the fundamentals suggest one thing but the charts another - in other words with regard to reacting (PoO, coronavirus etc) do you see the charts as lagging the news. I can see that charts will deal with human psychology, resistance levels etc due to historic buying patterns.
you still bullish on MasterRSI? i bought some today.
I love when you are spouting rubbish and everything you touch goes DOWN
Soon will be the time to dig you 6 foot and is down old chap
re - day trading
Is a question when to top up, when to buy if you miss the bounce yesterday, etc,
no one is implying day trading but on your own wrong thoughts.
i love it when MasterRSI comes on and posts his charts looking like a 5 year old had drawn them! :)
Posted earlier somewhere else ...........
1st retracement of the day with a 50% Intraday and slowly bouncing back, could try 61.8% if there is not enough strength.
00.0% 17.40p High
23.6% 17.13
38.2% 16.96
50.0% 16.83 bouncing point
61.8% 16.69 also
76.4% 16.52
100.0% 16.25p Low
intrady chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EHUR&width=675&height=400&p=0&t=1&cb=
brent is now down $1.50 off the highs yesterday.
While the CMD is on everyone's radar, we must not forget that the week prior to that on the 19th March is the full year results and there may be some nuggets of interest there.
Jadam, your post is a clear demonstration you understand TA but do you actually make money from it ? does it qork with aim stocks?
JAdam
I am not a chartist, its good to have someone contributing that is. I suspect the CMD is hanging like a looming giant that we all currently anticipate and fear in equal amounts. If Dr T gives a clean bill of health (and doesn't shout at people) there could be a substantial sustained rise. But I fear any negativity will be picked on again. Fingers and toes crossed on the day, hoping we will be able to hear it broadcast but seem to remember live coverage being pulled that time.
tav - for what it is worth my impression were that hur always wanted to sell off stuff to fund more exploration. I see DrT as much more interested in finding potential prospects rather than the draining them. i have read/seen interviews backing this up a long time ago. Hur was unlucky to suffer the oil slump just as they opened their data room a couple of years ago.
i saw the eps as their work around to the caution of the industry at the time..prove it up and sell on.