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It's a coin toss until the report comes out. Good report and all will be fine, bad report and it's curtains. That was the reality back in July and it's still a waiting game.
Rather as expected including no dividend. The future looks OK but our present problem with the report is still not being addressed?
Disregard, it’s all old news.
Last paragraph?
Happy cyanide pollution results day to those that celebrate
BY 8th September. We are almost at the deadline date. Why so long? Beginning to look a bit fishy. Or at least a concern.
Tommo look in at HUM instead and thank me later
The last 3 RNS should tell you why the share price has fallen...
This share is on one of my watchlists and just noticed it's dropped from 120p which I thought was overvalued to 55p. Is there a reason for this huge decline? Anyone able to summarise without me going through every report/rns please?
This is your signal to 40p
This Stock is a Buy up to 90p for recovery after being oversold .
Thanks BushyTailed, I’ve re-read it properly.
If bad things happen, it’s going down, might be 40p.
If good things happen, it’s going up, might be 80p, or more?
Good info.
Shooting star posted on the daily
Not being able to read properly can be very expensive Jackdebs
Thanks BushyTailed
Well, you have definitely stopped saying AAZ is going to 40p.
We will make up our own minds about the doom mongers and their agendas.
One thing you need to worry about here is the dollar, AAZ are entering a period of capital expenditure at a time when they're selling less.
So not only will revenue and earnings be surpressed by the lower production but value of those sales will also be less because of the dollar, whilst at the same time the cost pressures are higher in local currency terms.
It's going to take about 18 months for it to all work through the quarterlies and they'll be lots more up and down days before the trend changes, I try not to get carried away by a 5% gain on the back of 50% loss.
Patience is the key, don't try to call the bottom or the top, leave that for the next mug. If you do call the bottom and the top though, enjoy it and be mindful that it was a fluke.
Neither I sold in Jan for 116 on technicals and was waiting for 100, got in March and sold for 115 again a couple of weeks later. Was planning on doing it a third time when the Q1 dropped in April and it changed everything.
I don't hold any position but waiting for the right signal to buy again.
Wouldn't dream of shorting or using leverage here, spread and atr would kill you, inside a few days.
@BushyTailed
Are you saying you missed out today on the +5%, or happy enough already with your short here?
Debsjack...I posted this at 64p
"Daily RSI. Massively oversold atm with a 12.5 handle so I do expect to see a little retrace as the market balances it's self out again bit I would be very cautious to buy into for the reasons set out above."
Daily RSI now at circa 23, so nigh on doubling for sake of a penny and on low volume. This will whipsaw around now on the stoch oscillator but it requires a breakout similar to the breakdown on the 3rd of July to really get the attention of buyers and traders
I did say a retrace is due, part and part of the pattern to set up bullish divergence.
If you're going to buy this then be nimble, short term resistance is the 20ma on the hourly, currently at 69 and change, call it 70 for friends.
Stop loss would be 60 , which given the spread and average true range over the previous 14 sessions is too narrow. So no, no buy entered here yet.
@BushyTailed
Up over 5%. We guess that you have finished with your short here?
If you want a goldie that's rerating as we speak then check HUM out...
Thanks BushyTailed, when you buy in here just let us all know when we can buy AAZ.
ATB.
Ps when I do buy back it will be on a technical basis rather than a fundamental basis. My experience is that BOD's tend say whatever they need to under these kind of circumstances.
You should be looking at 3 different charts here for a buy in, the daily, weekly and the monthly.
At a very minimum you're looking for RSI divergence on the daily with a clear open and close above the 20ma plus the 20ma coming up to kiss the 50ma with ideally RSI divergence on the weekly too.
The monthly hasn't yet broken down and is now in strong divergence (which is good) so that's the one to watch. If the monthly RSI closes out below 33.74 then all bets are off and it's going towards 40p
Daily RSI. Massively oversold atm with a 12.5 handle so I do expect to see a little retrace as the market balances it's self out again bit I would be very cautious to buy into for the reasons set out above.
It's isn't finished yet.