Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Friday RNS to clarify revenue expectations is my guess. Look at PRSM today based on trading update.
By the way Count, I do sincerely hope that you are right and price keeps going up now, I`m invested here so it would be absurd for me to wish for price to fall back.
But after watching these moves over a long time, and if it is just technical, then the sellers will come back, probably tomorrow morning if there is no news.
Yeah but thats the way the market works Count, the buyers at 15p, 16p etc have just made 25%-30% on this move, so some can`t refuse it, thats why I think price will retrace down at this point...if there is no news.
But the significance of this move is that it has broken a near 3 month falling trend, and it was `signalled` by the 1-2-3 reversal pattern!
Just Google or YouTube 1-2-3 reversal in technical analysis to see what I`m referring to.
It`s why there has been a flurry of volume today on `NO NEWS`!
nothing in a straight line count but given the spread I will just hold and let others take the chance and pay the fees :)
No Honeststu, I`m just enjoying the break higher.
Ok, I`m going to put my neck on the line here.
Once price breaks above a significant falling trend line (since late Aug)..what usually happens is that price will revisit that falling trend line ie in this case, back down to c 19pish, then you get the real move higher. I call it `the kiss`!
If there is no news today or tomorrow then I would expect that to happen, followed by a strong rally next week.
Price has made a significant break today which shows that the market is ready for a move higher, but the savvy traders wait for the retrace back to the break level before buying in.
Lets see if that plays out.
Did you sell on the spike bottoms up . You sound like your looking for lower reentry
You mean Harami dear Count, but that`s candlesticks, which is a different aspect.
This is chart patterns, trend lines and reversal patterns with a wider aspect than daily candles.
Why do you think there was a flurry of volume when price broke above 19p, as I suggested yesterday.
I expect sellers to take profits now and maybe back below 20p, but sentiment has shown that price is ready to move higher and expect another flurry of buyers once price goes below 20p.
Fundamental buyers don`t come in unless news is confirmed, and there is no news today.
Nonsense. News coming.
A perfect example of a technical move in action...with no news!
21P Paid
Not just the 1-2-3 reversal pattern but also breaking the falling trend which started at the end of August. This is the 4 hour chart which hasn`t yet updated to include the 20.40p trades.
https://www.tradingview.com/x/8inq7YwO/
There will be some sellers because of the round number of 20p but make no bones about it, traders have noticed this chart move.
Looking good for a break above 19p now, a significant move ..and as I write 20.275p paid.
Bulls winning here.