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wyn agreed and drop back again is most probable outcome. On the other hand growing volume levels and news anticipation - I don’t see any ‘leaks’ here - would render the RSI void. But we do have to have a weekly close above 175 imho to break resistance.
Agree with your analysis, Wyn. Definite resistance point at 175, but volume suggests it could be broken today. Keeping an eye on that RSI, though.
it looks like an assault on 175p but its going to get choppy I think because the RSI is close to over bought so some buying and selling will need to take place to unwind it enough for a gain to hold over 175p. (the alternative is a big spike to say 1805 plus and then a fall back a bit, but I think that is less likely.)
Interesting to see how this unfolds today.
I don’t know if they’ll need to raise cash or not, but I can’t see them putting the cash call out until we have some news on the trials.
Yes well, I was hoping we could gloss over that ..... :0))
Perhaps I should have said "particularly Crap with..."
Good day today I think for further gains.
The slight fall from Friday close just takes a little pressure off the RSI. The SP can always go one of two ways but I think it more likely that 175p will be brushed aside pretty soon with 190p the " real" target. (I am crap with timings....... that's not all I am crap with obviously, but just on TA... ...I am crap with timings)
I wish you good fortunes TLW, all dependent on P3 global trial, but I am content with the science and the risks involved. Great BoD with wealth of talent. The dots are all starting to join up nicely.
Patience is all that is needed now IMHO.
The temptation to add to my current position is very very tempting. The recent TR1s add to the positive ehos surrounding the Synairgen story However we do need news.
Toying with adding to my position but have to remain sensible.
volatility.
I was referring to Abingdon Heath. They remain unpaid for goods received and utilised by the DHSC , owing to a dispute between the Government and the inappropriately named “Good LawProject”.
Regards.
I am in agreement with you SYN00GOLD, and have increased my sell target to a minimum of 500p. Selling at this price would enable me to upgrade to a new property, which is on my radar. My primary purpose of investing is to improve my family’s quality of life, especially under the prevailing circumstances of reduced opportunities. 500p would be life changing in my case, and well beyond my original expectations from this investment.
Richard Marsden was affectionately nicknamed “Buzz” on this board because of his resemblance in one of his videos to a Toy Story character. It is ironic that there is another “Buzz”. Edwin “Buzz” Aldrin, an astronaut who flew to the Moon and walked on its surface. Surely it is a matter of months before Richard “Buzz” Marsden completes a successful launch of the metaphorical Synairgen rocket and takes it to greater heights than were previously achievable?
We have an ascending support line on both one hourly and 5 hourly charts. This may slowly rise back up to 175p over the coming two days. Any spikes to fall back to ascending support at around 167p that is rising with time.
I spent 2 months training as a 'Day Trader ' .
Quite intense and not as easy as you'd think . I mean ,not many people have the stamina to watch 40 episodes of 'Play Your Card Right'
SYN, its a small point but traders don't have to be just "Day Traders" Day trading on stocks is very very difficult for various reason, but the criteria to trade a stock is volatility, large market cap and tight spreads. Almost no aim stock (or even FTS100 stock) meets all the criteria. The other pre-requisite is that you ideally need a market that you can get out of at any time so that stops can play a part. Again, no stock can do that. Day trading is really only for very large indices.
To trade stocks a much higher degree of risk is therefore involved and that risk can be offset a little in broader timeline's.
Most "day traders" fail not necessarily because of TA per se as a system, but mostly their ineptitude and picking the wrong product in the first place.
the pullback has done now....all Elliot wave chartists...now ride the next wave
I'd also like to thank the people who've sold out, and allowed me to get another bunch of shares at a nice discount this morning. News is so close I can taste it, and I look forward to the months ahead!
Personally, my first trades in this stock will be @ £5.00. Think I will purchase some more then. Till then, its just a simple hold.
I just could not day trade. I wish all traders good luck :-)
I'll wait for Buzz to release the 'big one'...…………...to infinity and beyond !!!
I have (fwiw) bought more today on the 163p support.
As I am new here I am somewhat behind the curve in all the previous postings so apologies in advance if i ask questions that have already been done to death
Well thats 175p hit. will be very good news if it holds/ closes above that tonight.
Don't know what you guys are like with TA. If its not your thing i will butt out
But.. once 163p went today then the break out was on . As long it holds and closes today above it then the next stop will be to test the recent highs of 175p and then all being well, on to 190p