Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hadn't looked at the hourly
Daily chart hit over 45p on Friday and Monday ...
MACD crossover hit on the 9th but hourly shows reversal on Friday hence the downward trend.
Will keep an eye on both and hopefully hourly will allow that MACD crossover again
Hi KB007 - no, my recent observation related to the hourly chart. Do you see anything different?
eldorado,
you keep saying hourly chart.... it's daily
For 30p, you'll certainly face my NOISE :)
Hope to add a few more today...
GL.
I'm not really interested in daily predictions tbh mickey1122 as it's all short term noise. My observation on the hourly chart is that we have tested 45p twice on the upside; seen a bearish MACD crossover sell signal at 43p and tested 32p on the downside. If we're in a 32p-45p trading range, I see that as a healthy consolidation, enabling everyone to either digest their gains or accept their losses. Sometimes a big pullback to create the rocket fuel energy for a slingshot to get past resistance is needed. At the risk of incurring the wrath of the bulletin board, I'd be happy if the share price fell to 30p as I think that would ignite another good rise and I'd consider deploying some more funds into it at that point. Market makers will swing this share both ways, sometimes to the extreme, to create liquidity
how do you see today panning out as a matter of interest eldo ?
Plus cash payments to OMI the next one of half a million is now due
2 majors funding OMI 100% with 25% free carry spells this being the real deal. BZT was a pump and dump.
Killjoy, if your prepared to wait,then I’d say it is a good switch.
Topped up at 34.5, from BZT hope it was the right switch.
Hi Mickey1122 - I use charting as a risk management tool and it helps me to determine support (potential buying) and resistance (potential selling) levels. Shares don't go up or down in a straight line and whilst the fundamentals for Orosur are very positive, there will be lots of day traders and investors using these levels to gauge where to buy and sell. It's not for everyone but after trading Gold and Silver for 20 years or so and witnessing both euphoric and butt clenching moments in equal measure, I've become a much better investor by using a disciplined risk management approach. Like you, I hope the price ends the day at 45p but I'm also prepared and have an action plan for 30p
Equivalent to London closing price 39p... 66 x .585= Circa 39 hope this rise continues and reach £1 soon
0.66 CAD +0.10 (17.86%) Toronto close
Rest my case
eldorado5 not really sure where your coming from tbh as a multitude of scenarios will take this quickly north beyond 45p in next few days imo, straight of the bat I can see tomorrow blasting through 45p as Canada is doing nicely right now up 15% which on a 40p today would take us to 46p on open tomorrow .
Hi Karl345345, yes I used 5p - 45p and I agree, I don't think we'll see 30p in the short term but like you, if we do, I'll start backing up the truck
eldorado, for your fib extensions what start/finish price are you using? (I'm guessing we can't post charts here)
I was also looking at the fib retracements (5p-45p) and get similar possible targets. I don't think the retracement will be bigger than 38.2%. I will be adding if we get there.
Correction - Hourly should read daily
For the chartists amongst us, on the hourly chart we've had 2 attempts now to exceed 45p and now back to the 1st Fib retracement level around 35p as current support. They'll be buyers at 45p feeling stranded at the moment and it could be some of these that have sold. Equally, they'll be others who have seen the double top at 45p and may also be exiting. Further Fib retracement levels are 30p (38.2%) and 25p (50%).
If 35p holds and we can get through 45p, we'll be looking at Fib extensions to initial targets of 50p (38.2%) and 55p (50%). Nice round numbers. RSI for me is still indicating overbought but I'm pleased that the price is not outside the upper bollinger bands, indicating that a more steady rise may be in the offing.
cant buy any even £1000
zapsnap-
Yes, once it settles to cross 40p mark like 20p mark after 10p...I think the next station could be 80p. As it seems to be doing it in the increment of 10, 20, 40...80(?)
Lets see. Any News update on Ground troops, advanced drilling plan or Directors purchase next could trigger that, before the RNS on 6th Nov.
Allowed me to buy more thank you.
And other top up- that's me done I think for today?
OMI
Quantity27,065.00
Price£0.369
£9,986.99
Got another sneaky top up :)
OMI
Quantity27,437.00
£0.363998
£9,987.01
GLA
Just had a look on IG. Fun watching on technical. Money flow going up very high into the drop. Stop loss collection while others try and buy.
Toronto up 14%