Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Last time we spent a day at this price the SP rocketed to 4p
Its pay day, im topping up :D
Heads up, 2p seems programmed here TA wise.
HOWEVER, we look like we're on the cusp of finishing our correction since last year. I'm going to post a graph later and I'll link to it when I have time this afternoon.
Double figures coming IMHO. GL DYOR, today may not be great but I believe better times are coming.
I never fully understand your posts Casual but I always enjoy the optimism
Sorry MK, I talk in technical analyst code half the time. My advice is to search "correction patterns cheat sheet" or something of that ilk, and find a one pager that shows flat , zigzag and triangle corrections. If you then zoom out to a weekly chart in logarithmic view (I.e each candle represents one week) you should be able to make out a triangle pattern, with converging highs and lows from the peak in April 2020.
As I said I'll chuck an annotated graph on later which may make more sense. It looks good though.
Ok a quick read of corrections patterns and I am able to follow you a little closer. A question though, if all shares followed 1 form of corrective wave pattern wouldn't that make investing very simple and practically risk free? Anyone with half a brain could follow the patterns and make loads of money which clearly doesn't happen. What am I missing or not understanding?
There's lots to it MK - its definitely not a perfect science (especially for inexperienced analysts - which I am) but it can be incredibly accurate at pinpointing key levels and patterns in behaviour.
My advice would be to supplement the knowledge you already have and monitor the fundamentals (news etc) and use patterns and other analysis to corroborate those views. I won't get too into it as send people to sleep!
Thanks Casual, you are probably the only person who talks pure analytics on this board and its an interesting discussion.
Also glad to see positive movement today lets hope that lasts.
I think the sp will hold as spreadex the major seller is out.
Zak Mirs 5p prediction from the technical analysis doesn't seem too farfetched.
With a solid RNS this share should blow past the 10p without a hinch
GLA DYOR