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can anyone see anything strange on their graph from 4pm??
LTH.
What have you seen? Spike?
i thought my graph had just jibbed out so i closed my trading app and reloaded and it was gone, but there was a big red line going down to 8p.... yes 8p :S but it was one of the really stretched pulled back candles dont know what they are called. So i went on investing.com and there is showing a 3.8m sale at 16:35 but barely any other activity throughout the whole day
Amazing. So a one off spike down at 8p.
3.8m sell but at what price?
it doesnt say a price and the trade doesnt show anywhere else, must be an off the book trade? will that have killed a lot of stop losses?
I believe you and I'm stunned. Guys on L2 may know more on this.
thanks robin i will wait for (hippy trader) NOFEAR to login to rack his brain about what might have happened as i have no idea truely :/ maybe Ortex will be able to shine some light on this
LTHcine & Robin292
Ortex imo its no longer fit for purpose. Anyhow, we need to break the £1.0285 resistance or better said we need to get over £1.03 and the sky is the limit. Current is Bullish all the way. Perhaps the shorts are making a little heavy to push through the barrier. But, once we break the door down, Cine will bounce all the way up as the short run for cover.
Cya all tomorrow sharp at the Cine door 8am. Be There.. Be Square.. NoFear
Trader & Tond get your heads seen asap.
nofear can u see why the spike down happened? would it be off book trade?
One more reply for you LTHcine and I'm logging off.
If you wish to know where the Cineworld share price is going to go from tomorrow and onwards,I will strongly recommend that you all open the Restaurant Group share chart and observe its movement all the way to £1.20 where today it touch for a second and made a slow retrace. My point here is, the Restaurant shorts have been coming down in the last two months and now down just under 2% from around 7.5% since last summer 2020. We will be running the same trajectory as the Restaurant Group (RTN). This is my best advice. Forget all the other charts or gossip. Follow them and you'll know the next stops to get off or on. Good Night. GLA
@NoFear, i don't have access to charts, and usually base my investments on plenty of research (and some honest opinions from who i see as real investors on this LSE chat). But just looking at the Restaurant Groups Share on Google, i can see we are about a week behind on a similar trend line.
So are you suggesting that withing the next week or so, the cine share will be at around £1.20?
I was tempted to buy more cine at the tail end of last week when it was in the mid 90's, and i'm now thinking i've missed that boat. I think this has still got some legs in the short term and may level out until re-opening news.
What do you reckon?
I don’t think it’s unreasonable this may lift another 20% in the next month, but may wander at that level for 6 weeks before reopening edges closer.
I guess many investors will be playing other shares in the mean time, but high volume days are only a matter of weeks away for CINE.
I’m hopeful of near 150p come reopening, with news flow of new movie releases, and once uk and us are open mid summer onwards, this should work towards 200p by year end.
As for me I see gains of 1.5% to 2% per day. Looking at charts I see £1,40 for next month, despite that large sell. That will do me fine. Just a waiting game. Patience
Hi thecouchman, sorry I slept in today and did not here my Cine Alarm clock(*_*). I think that is still possible to buy more Cine shares at current levels and wait for £1.20 if that is your target for a quick 18p rise profit. However, I would only sell the amount bought let's say today whatever that is £1k,£2k,£3k ect. ect. The more you buy today the bigger the profit and the quicker you can get out. I believe that Cine has now become target of day traders following an upward trajectory with small drops in between as it finds its way up to the top of the mountain. Currently the RTN shares are down after having a small run in the morning. I also believe that whoever is trading in the Restaurant group is also possibly invested in other recovery stocks like Cine. Follow the sentiment trading style of the RTN chart and you'll have an idea what we could in theory be going through as we await for further re-opening of Cine news, Cinema blockbuster releases news, earnings updates, ect.ect. Each stock will eventually move away from similar trajectory and do its own thing as and when we will have to watch out for that trigger. Finally, if you just want to top
up and don't wan to sell at all, be prepared to see others do the opposite as Cine climbs up; albeit this will be temporary for the ones who don't want to stay for longer greener grass.(*__*).NoFear GLA DYOR
Hi Robin292, sorry to have missed your question. I had a wonderful and relaxed morning sleeping in knowing that Cine would had got up in time for you guys and show its true colors. Anyhow, the RTN charts are currently the best I can suggest for anyone that needs an idea where are going short term. Open an RTN chart and scroll over last seven days action and look at the times of the rise and drops and and perhaps we might just around the corner for the £1.20 too. However, as we're still a bit away from opening the Cine Cinemas, I cannot say for sure that it will remain at £1.20 based on the RTN current performance. So, Cine share price could be hoovering from £1.03 to £1.19 while we await for everything to settle back to pre-pandemic levels with the odd mad run that can come from FOMO as new shareholders buy at these current levels looking ahead of three to six months to make a profit. (*__*).NoFear GLA DYOR
Great stuff NO_FEAR. Onwards and upwards. 103.75 as I type.