Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Naturally goes without saying that 'Charting' in itself is only a tool in a chest of tools one should use to make or watch investments, good research, understanding of basic company finances and understanding the sector and direction the company invested in is involved with in terms of future guidance!
GLA
@Hazdogg, Cheers mate... But I was never initially a believer in the 'Charts system' per se.. especially in the beginning and practically dismissed the practice in dealing with AIM shares in particular...and that was wrong. TBVH, a friend of mine who goes by the name 'Hendi' has way more knowledge in mainstream charting and it was her who steered me into the arena. While she mostly focuses on generic charts, (very deep, I might add), I, myself tend to delve more into the Japanese influences in finance and candlesticks. (very interesting stuff, especially the history aspect).
I should also add how different it is to use a method of charting in AIM and primarily why I didn't really utilise such methods in AIM... The reason is quite simple tbh. AIM is the Index/arena for a company entering into the field of wider finances as fledglings. The tangents being raising of finance, and constant spurts of growth, (as well as the opposite), through regular news as it goes through this growth cycle. These so-called tangents I feel can, and DO, upset the charts as it's unexpected.
I'll give a simple example, (keeping it simple as poss) but tbf it's quite self explanatory... So let's say a company embarking on an exploratory venture for Gold, targeting a certain vein and amount of the metal. Investments are made, (Institutionally and PI's), based on what the company puts out and the growth is aligned with the news, as it heads, timeline-wise, to inception date! Suddenly the company announces the vein is three times as big OR adversely the vein is smaller than they had thought. This in retrospect changes the valuation and direction of the company and the charts have now reset and have to analyse and forward plan with this new information... 'Chart shock' as I like to put it lol ...Anyway there are many more variations in the type of tangents in AIM a fledgling, yet growing company will face.
@Rob, I agree with you and I'm sure we're all aware where the company is heading towards a VERY fruitful future, but I like to use the charts to anticipate where I'm able to purchase more shares when it's SP is aligned with most possible level in it's timeline of growth. Some may say, "Well why the hell don't you just buy in all of what you want at 3p?", Simply put, I don't have all the funds available to buy my Max requirement at any one particular moments because I have the value invested in other stocks which are maturing.. and so as they mature to a peak, (to a degree), I can cash out and keep the cash for buying the next dip in ADV or any other company i'm looking to grow my investment into.
A good example and by example was IAG in which I have a considerable investment... I managed to sell some at the charted peak of £1.77, and buy more ADV at the charted lowest peak...was just good timing tbh and things worked out...If ADV was not at its lowest point on the 'dip', The cash would've been sidelined and I'd wait for the lowest point.
This was and is always going to gain traction as the seller dries up and we get closer to spud.
I must say Bladey your chart calls on this stock are generally bang on. V impressed (albeit from a non chartist!). But credit where credits due.
I did say yesterday was the clinch point for the chart, which marked the change in direction up for sp. As far as I can see the next few days, (Monday onward), should see us higher and possibly test new highs and set new base. AIMO, and as always DYOR.
Great that the chart is also aligned, but in my books the re rate is also simply a given due to the fact that we are only a few weeks away from a company changing drill with the best CoS around and other deals to come. I’m of the same idea that shortly we will break above the previous 3.6 ish highs and that area will be a new support on a leg towards 5+, time will tell, but next few weeks and months will be fun.
Tomorrow is a clinch point and on my daily I'm seeing a good positive change in direction. The large purchases may have dried up the current block sells for the MM's earlier than was anticipated and is pushing us into oversold territory. Expecting a motor upwards tomorrow in the sp, and possible next few days.
As more interest and buyers come on-board, we might even break a resistance above 3.60 and settle there...pull back a lil and create our next new base!
GLA