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Hi Roydon, see what you mean but not sure its a valid rising wedge yet ( only two points of resistance ) however two lower gaps still unfilled so that's not good...Closed out yesterday when reaction to results seemed strangely muted and needed funds for elsewhere and now down 4% on that :( ho hum...
ATB
Task master were do you see the two lower gaps?
There is theory that all gaps get filled!
there are 2 gaps that have not been filled ,,
9th nov 2016,,320p
8th july 2016,,126p
both daily gaps ,,
hafeez... 391p & 380p from oct & sept last year.... hadn't looked back as far as realist111...will put those on the radar too.
more like a symmetrical continuation triangle coming off.
casual...yep see that, makes sense... also on a positive note mustn't forget large gap 763p - 803p (aug 2018) and 1063p (june 18).
I look into that taskmaster. but I heard, and it's does happen, gaps being made up.
uk.reuters.com/article/uk-china-health-economy-interestrates/chinas-central-bank-vows-to-take-more-steps-to-support-virus-hit-economy-idU-should help copper.
@ casual, symmetrical continuation triangle, is this a bearish or a bullish pattern?
Bearish if becomes a full system hafeez1.it won't drop to what realist111 says, on the
value what the company worth alone. things will make up in the second quarter, as
stated below, Chinese will put their economy on steriods sought of say, if virus clears
up quicker, and stimulus over heats the country in mid year, could bring back up losses
back to scratch . share price should be at least 550 not more ,with results ,punching above
it's weight, as a company, but that's doctor copper for you !
casual,
when this was 1900 quid people didnt think it was possible to hit 170s but it did,
when it then bounced from demand line to 1700 quid they didnt think it could ever go back to demand line again 170s but it did and it even broke and went lower,
and yet again now it has rejected the supply line at 1100 no one thinks it can go back to the demand line yet again ,,
but guess what yes it can,,
i only need check this once a month to see its on track and it is unless 600 lets go nothing changed in here,
Situation much better defined in the copper chart...couldn't be clearer.
Can t see realist111,copper dropping that low,reflecting kaz share price,probably near its lowest point ,it will get this year.more stimulus
from Chinese will pump in.and the FED will drop interest rates,faster than people expect. Which will make up copper prices.
It's holding Rastuss ,market makers are ,sitting on the fence.knowong second quarter,things will Turn around.
https://www.bnnbloomberg.ca/china-is-likely-to-see-a-v-shaped-recovery-pboc-deputy-says-1.1394434
@ Rastuss I do like you opinions, they keep the perma bull inside me in check.
With respect to China, the Chinese need to save face, they will do whatever it takes to keep the economy a float, otherwise the commies are going to be facing one in hell of a revolt.
I believe whatever losses they face in Q1, they will recovered by beginning of h2, and one the current results Kaz should be closer to 8.00 than 5.00, let’s see what the year begins, because I can bet my bottom dollar, the drum beats of a recession will be beating by close of the year, and ideally I want to be out of the market by then!
morning all we looking at 450ish today.
Don’t think 450 today, but maybe 400 by end of week the way markets looking. Should have sold some stock on Thursday
Sorry casual you mite be right!
Buys and sells pretty even
Market manipulation yet again
should not be dropping as much as it should hafeez1,considering when gold relations taking into
account of the company. when you look of CEY,HOC etc.
Down 8%
Bought at 453
should get a bounce AUTO- might get Chinese kicking with some stimulus .results be out week
or so, on Chinese industry output. ok it's going to be down but hopefully, not as much predicted
helping prices.as said before getting a bit of day trading market, not short term
Yes I bought back the shares I sold on the 5th at 498
Down 9%! I don’t thinks it’s no longer to do with China but now it’s fear and contagion. Italy, Iran, South Korea Japan, it’s started spreading around the Globe. Xi of China’s said over the weekend that it’s going to have an impact on the economy, however the good thing in China is that it is more less contained and they have started to open up
Factories.