Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
WL1516 @ " What time frame are you using Velo?"
- Just daily charts. I run charts up to 20 yerars on daily time frames but of course smudgy as hell so will click to weekly, rarely monthly. Have multiples of time spans in differing set-up', but daily price action is my default, (5 minute time frames for intraday price action) and only go smaller when I'm interested in something in particular.
The lower the time frame (ie., less than daily the more you will whipsaw and be all over the shop.Nothing fancy, I keep it simple with daily time frames for the majority of use.
Island Girl @ " What time frame do you use for RSIs,15mins,30mins, less or more "
I use multiple time frames and multiple RSI values for differing occasions. I leave it on standard setting of 14 for dailies. Of course when a stock enters oversold condition on the full day timeframes it's quite a serious moment as all feel the pain. But it's the best money making opportunity in the world. The best.
However, when I day trade or want to see where a stock is likely to go in the next few minutes or likely hour or so, I set the 5 minute charts (several on the go and I often have a variety of settings on show) usually 6, 8 or 10 setting for faster reaction as 14 will be too slow intraday.
And of course on 5 minute charts with a low RSI setting of say 8 - every single stock is in and out of oversold all day long. I love them when day trading the DOW on the 5 minute charts and usually set them at 8 but can go to either 10 or 6 if that index is 'playing up'.
On the big picture - on daily charts - NCYT is not oversold. This board is covered with those claiming it is - but it isn't. It's moving towards that direction but is not technically oversold as of tonight. The speed of the SP change from day to day in NCYT is insufficient to trigger it.
On the intraday charts (5 minutes my fav) every stock will flirt in and out of both oversold and overbought all day long, so irrelevant really and nobody cares for intraday. But oversold on a day chart is serious stuff. See that on screen and investors will be hurting. Intraday they wouldn't even notice their stock was temporarily oversold.
VELO, Spot on with the chart analysis. Regarding the oversold stocks, if PIs had been bottom trawling the likes of COPL and MPH , both up 100% today, also ICON, MTFB and HUR over the past 3/4 weeks they would have been well rewarded.
Thanks cabert, John_james - you're welcome.
4hour?..I could never get my head round the best timeframe to use as each timeframe gave a different indication.
4hr is the gold standard for prediction of movement.
Pinch of salt and all that
What time frame are you using Velo?
I can see very clearly on the 4hr time frame that this is well under cooked. It's a perfect example
Simple00 @ " Velo and his ..... have been busy today in LSE & Twitter "
I have not now or ever been a subscriber to Twitter.
Twitter is as John Bishop once said - "For those with f**k all to say"
But of course you'd already know that being a user :)
What time frame do you use for RSIs,15mins,30mins, less or more
ggg21 @ " . . What about the massive gaps up to fill. The RSI now I’m way oversold territory but let’s not talk about any of that yeh "
--------------
There's only one other gap after this but as it is quite low down I'd rather see if this one that gapped up from circa 217 closes first - it may not and if it doesn't then there's no need to stress over that 'massive' gap just yet.
Disagree that the RSI is oversold. Unbelievable after today, but true - Technically NCYT is NOT yet oversold as of tonight. It's travelling closer and closer but it defo is NOT oversold in RSI terms.
When a stock enters oversold condition it is the best set-up in the world, bar none, for making money. Just don't buy until it starts lifting clear of it. Never buy whilst it's IN oversold condition - that's a signal for fate to drive the SP even lower - wait until it lifts out and get a second confirmation as time and time again they drop back before finally lifting out.
I dream of oversolds -the low hanging fruit of the market.
Velo has fantastic analysis i thank you too
Velo , thank you so much for all the info, I hope you hang around more often with your chart expertise.
Busy board today. Switched off and did my own thing. What about the massive gaps up to fill. The RSI now I’m way oversold territory but let’s not talk about any of that yeh
Cabert @
" Can you please let us know what the chart are saying ?
Did the gap in 2's to 2,5 got closed ? "
-------------------
Hi Cabert, saw your heading post just as I was leaving the house and having a quick update on the phone before doing so, but had to go.
Is this the bit you are referring to :
" . . . I'm intrigued to see if it closes the next Gap which is stationed just below 220 up to 250-ish, and leaves me wondering is that where this downtrend is heading, if it doesn't disintegrate next week, and return to the uptrend?
Below that is the largest Gap up of them all - but I won't even mention it, as it just looks horrendously unfeasible. "
(I left that last sentence in, as the third of the three Gap-up's is by far the largest of them all, but is so far down, I dare not post it's values until the second gap-up closes. Don't think that huge third gap-up will be visited on this run. Something mighty would need to occur first, so could be waiting a long time - if it ever closes at all).
- No Cabert, the Gap did not close today and still remains an unclosed festering sore, but with tonight's close it's definitely on the cards from tomorrow onwards. (Sometimes they can take numerous visits to complete). And the down trend is still aggressively bearish
The price did knock on the door and commenced entry getting as far as mid 230's, but to actually reach the lower level today would have been faster and further than my expectations.
To be clear, I'm seeing circa 217-ish as the lower level and 252 as the upper level of the Gap, so the SP definitely made an incursion into that area. Now, will it go on to close that gap and visit 217 ?
After which I'd be looking for bullish signs that the raid was over and pick an entry point (or top-up point if already holding).
- But a bit of perspective, and for that I'm just going to lift and copy paste from that post to save re-typing:
" . . . it has to be borne in mind that although the short term trend is currently still in a bearish retrace - the medium and near 'long' term trends are all visibly and strongly bullish. And the longer term sentiment trends always rule - as all lesser trends are merely waves within cycles and zig-zags within a larger wave and that is - that the medium to longer term trend in NCYT is still bullish. . . "
------------------
In summary, long term trends dominate every stock. The long term trends for NCYT are still bullish and the long term trend calls the shots. Yes short term trends are all currently bearish, but that's like a wave within a sub wave. When you look at the price action over a long period it just looks, like a bit of zig zagging within a long uptrend., But when you live the price daily at the time, yes, it does feel terrible. As long as the long term trends don't break to the downside, then in time this retrace has to pass; just a matter of time before the bullish longer term trends reassert their authority on proceedings.
Cocacolakid let's see what happens.
@ Snowman
Gaps never 'need filling'. It's total bunkum passed around by trader bros and their cherry-picked examples.
https://allstarcharts.com/gaps-need-filled/
At this point they are in the drivers seat.
_They are dead free
_They are piling up cash at an incredible speed.
IMO this situation with Covid test will be here for quite sometime even at slower pace but the reality is that NOVACYT is no longer the same cCO.
The cash that they are accumulating will allow them to expand or be bought out.
There are two gaps that need filling 6th Apr 193.50 / 202.00
Also the 7th Apr 215 / 242
I've got a buy order at 195 which is about 20% drop form current level.
Which is possible not derampping just saying what's in black and white.
Regarding profits, I have a very large hold with an average of £1.25 so that doesn't bother me much, I do believe that they are going places due to the lg pile of cash and no dead.
And by the way I do have also my other cash day trading account.
This is very different share then the others waiting for the ghost to come and bring them some cash.
Due to the amount of cash that this company is now accumulating we have to look at in a different way, Nova as been building a nice curve in the charts and I'm not a chart expert but there was a gap that I notice and read about and would like to see it close so we can then enjoy they ride up with worries.
Share price along with the other Covid stocks are in a death spiral. Why oh why didnt you bank the profit when I said 2 weeks ago
Covid is diminishing and one trick ponies will die with it
The chart is saying be patient and you will be rewarded in time.
I have said it and will keep saying it
Ignore chart with covid stocks,
Can you please let us know what the chart are saying ?
Did the gap in 2's to 2,5 got closed ?