The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
Didn't really need repeating :-))
Good to hear and hope your luck holds.
As usual the SP needs all the support it can get. Takes a lot for me to get despondent though. I'm far from that point thankfully.
Good to hear and hope your luck holds.
As usual the SP needs all the support it can get. Takes a lot for me to get despondent though. I'm far from that point thankfully.
@Red definitely think myself lucky, i have switched off from the MSM for today will have a catch up tonight, sometimes bad news can be a blessing, to get this war finished hopefully. our previous resistance of 282 is now support, today is very slow across the whole market, no big movers or shakers in my watch list.
Plenty of negative news from Ukraine today unfortunately newdealz. Indeed it's a wonder anyone bothers with anything when we are bombardedwith so much bad news generally.
On the other hand a drop in the SP is so insignificant compared with the devastation caused by other events.
@Tygra - feel better now you've got that off your chest? made a loss today or just feel like being nasty for hell of it? lolz
As Tygra has just proved. Always someone here "ready to put the boot in"
You have taken time to share your thoughts newdealz and I for one appreciate the effort.
"@red take my posts like the kiss of death"
Not at all we shall see what transpires.
'Unfortunately thus far it has done the reverse. Any thoughts as to why?'
Because it's complete and utter nonsense. It might go up, it might go down, it might stay the same. There's EVERY chartist right there. Oh look, Venus is in a reverse cosmic cowgirl, clear run to £3.26, until it isn't and then it's not clear any more and the chart said it will go down again. Oh look, an RNS with some news that can be valued by the market, the price has done something completely different, wait 15 minutes while I adjust the technicals (make the current price fit my narrative retrospectively and then 'predict' another move that won't happen and then claim it's not the chart's fault).
All the best
@Red SPX has risen a bit the last few days so its just consolidating by looks of it, i dont keep up with the US news that much and really should, i dont think any big news for today i was more hoping that it would follow the FTSE gains..
@red take my posts like the kiss of death, as soon as i open my mouth well....ha seriously its just screen time, put in the hours looking at charts you just spot the patterns.
288 was tough with not much volume but we have 50MA support as 282 so it could bounce off the 50 and carry on up, or we may just trend side ways.
"fingers crossed SPX comes out of the traps blazing at 230pm"
Unfortunately thus far it has done the reverse. Any thoughts as to why?
Fascinating really how we have utilized computers since the early days. I shall follow your reports with interest.
kick the door down of 288, then onto 291 (minor resistance then clear all way to 304, fingers crossed SPX comes out of the traps blazing at 230pm ))
There will be profit takers on the way up, at present we are trending, all these patterns are useless when bad news is around, atm we dont have any and the algorithm is trending up, the Wyckoff Spring is a classic reversal pattern that all the ii's love to trade, we should get at least two big legs up.
We have air between the 20MA and 50MA and 200MA on the 15 minute chart all the way up to 4 hourly, this is a confirmed strong up tyrend until either some bad news share specific or the FTSE does anothjer nose dive.
@Oligrach these shares are traded by computers not humans (SETS), they run off algorithms which can chnage depending on news or wider market forces on the FTSE, when trending they will be running off automatic SETS trading, the SP at present has nothing to with RMG as a company, with no news its just recovering from recent sell off in that part of the supply demand cycle.
https://ibb.co/YyBfLRC
So it hit 288 ish are we heading for 304 as our next peak now ?
Newdealz, so what you are effectively saying is that the daily/hourly fluctuations are not related to the company itself and are just a part of the overall FTSE mechanics?
Does this work for most FTSE companies or is it specific?
Thanks, I see all clever stuff.
287.71 GBX +6.31 (2.24%)
So it's going in the right direction now.
I shall look in later but looking good
broke 282 nicely and came back down to test the line and off up she goes as predicted, classic reversal pattern.
https://ibb.co/wdbgcWs
We have resistance at 290 area, 304 area, 312 and 320
@redceo - yes its broke the 282 line i needs to go well clear then come back down and test 282 after the move conitnues upwards, ive done a chart here so you can see how the wyckoff spring works, the second low is the spring point and must break the neck line.
https://ibb.co/bBbjKxS
So far so good ??
283.40 GBX +2.00 (0.71%) today 27 Jun, 08:34
"if this breaks 282 today its going to fly"
Well you were on the mark Friday. I'm sure many here wish you luck today.
spotted a nice Wyckoff Spring pattern formed on the 15 Minute chart, if this breaks 282 today its going to fly, i wouldnt be surprised to see 315 this afternoon if it happens, FTSE is also up 40 ponts pre market with no major bad news around today as far as im aware...?
"I'm up at 4.30am for another "easy" day at the office. You should try it sometime"
Can't see any benefit of that course of action . I keep fit in other ways -)))
Enjoy your day.
The irony of the imposed 2% pay adjustment with £200 back pay (to be paid at the end of July) is that most of our late shift view this as three days of industrial action paid for by the business in advance.