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@StuAFCB Really? I look forward to studying your data and proven track record to support your "thesis" Here is mine for #EML I called the trend reversal here & on X on the 19th of last month, though this is not the first time I have drawn charts for this company. Instead of waffling my baseless opinions mate, I provide free winners. It would be much classier if you'd just said thanks. The human ego can be such an inhibitor of growth if only you could let go of it and open your mind. https://x.com/SwazersC/status/1748290074360353218?s=20 >>>>>>>>>>> https://www.tradingview.com/x/hQAbNIKH/
This is unusual 15 min after hours auction and counting,,, must be big..
chisler
@4kandles Thank you but don't worry too much about old Testiclespack, he hates my guts and follows me around the internet trolling whatever I post. Nice to see #EML get the success it deserves, congrats to all investors. I'm glad I managed to catch some of the action with my TA. https://www.tradingview.com/x/mzadFAzJ/
Is it necessary to be so disrespectful to swazers? Swazers has been correct here.
I also use TA tools to assist with timing my trades on stocks which I like. I also agreed with swazers' recent bearish assessment at DGI where he was correct again. Those who rubbished swazers at DGI are sitting on some nice losses.
Let's enjoy the SP action here and look forward to finding out why it might be occurring
GLA
It reacted bullishly because of RNS dropping with water saving process. Got it. When you can predict RNS release, you will have a system. Not this load of twaddle,
People exhibit patterns of behaviour which do repeat themselves - so charts do have some place.. Charts cannot predict events, but they can help understand the reaction to them etc. but on low volume AIM stocks they're of very limited use IMO because there aren't enough participants in the market for patterns of herd movement to really manifest themselves in the movement of the share price.
With regards to charts if you want answers as to thwir accuracy just go to any of Swazers other Posts on other stocks. If the price action doesnt follow the charts path then you know theyre as useless as horoscopes. If the majority of them do then you know theres at least some use from them. Personally I dont care for them myself as there is way to many particulars and variables for me to put any trust in them.
I added some extra context to my #EML chart I hope it helps. The good news is that the SP continues to move bullishly and offer confirmation of the idea. https://x.com/SwazersC/status/1754824903541367037?s=20 https://www.tradingview.com/x/GjDmdhml/
Okay, you're refusing to explain it so. I don't know if your chart is good. From looking at some of the other posts here, it doesn't appear like I'm alone in this thinking.
No one has asked for a long video. Just a simple explanation.
@stewie8 I let my charts do the talking, when a chart is good it does need to be" explained" with endless words. I would have to record a long video to explain the minutiae. My chart is self-explanatory for the most part.
I am offering my charts from a purely technical aspect. The main thing is that the SP is moving in harmony with my idea. Here is another key level for #EML 3.5p >>>>>>>> https://www.tradingview.com/x/zHuNi67k/
Still haven't answered @GW62's question really. Can you provide any more insights instead of just posting the chart?
You had a pop at the poster earlier and said that 'All that matters with TA is the data'. Yet @Corryvreckan1 has pointed out one major flaw with your data source.
@Corryvreckan1 I did and thank you so much. Sorry, I have been mega busy. Also sometimes one has to let the price move and do its thing as it develops.
Did you see my post below on 19 Jan 2024 at 22:05? Trading View still have earlier data that is irrelevant to Emmerson.
It's nice to see the price moving according to my TA idea. I have always enjoyed charting #EML. I am not invested myself but I wanted to share my charts. So far so good. Here is today's tweet and links to my daily charts https://x.com/SwazersC/status/1754451585923526842?s=20 https://www.tradingview.com/x/0iICeaSn/ https://www.tradingview.com/x/gv7OCkzC/
Hi Swazers,
I did ask "What do you deduce from it?". I am definitely interested for sure but could not see any elaboration on "I found it very interesting". What does your system tell us about the SP in coming weeks/months or what will happen when we/if we get the environmental permit, for example? I am very receptive to knowing about what statistical analysis can tell us about the past but my point was how accurate can any predictions be about future events when there are so many other factors involved other than past SP movements?
Thanks in advance.
Also worth noting that Emmerson itself was suspended from Oct 17 to June 18 due to the RTO that started this whole escapade. That's why the early dates on your chart look a bit compressed and it maybe skews the tramlines a bit? Worth starting from June 2018 instead?
Swazers - I now recall this from research last year, it's a similar problem that LSE have when a ticker is changed to a new company, where they often re-use existing pages but keep the old company's data in the history. Trading view appear to have done something similar.
EML was originally the ticker for Emerging Metals Ltd, up until its suspension in Dec 2011. See half way down the following chat page on here for the gap between then and the changeover of these pages to Emmerson:
https://www.lse.co.uk/ShareChat.html?ShareTicker=EML&share=Emmerson&page=283
And this is the Emmerson RNS that shows you their admission in Feb 2017:
https://www.lse.co.uk/rns/EML/admission-to-trading-and-first-day-of-dealings-5zq3v1x5rtc3rte.html
On the Trading View chart the older data also relates only up to the end of 2011 and then jumps to 2017, so you need to start your tramlines from then and I think that might give you a higher target at the top of the range?
I've also drawn a lower parallel starting from the March 2020 low instead (or even from the Dec 2018 low) following the original uptrend. For me, that shows where we could be (re)starting from if the ESIA was approved, and if it does then I hope that your lower line never, ever comes into play.
Hope that all makes sense, but it's Friday evening so...
@Corryvreckan1 According to the data on the charts, June 2008 appears to be the IPO. I am not familiar with the fundamentals. Maybe someone here can offer the history? https://www.tradingview.com/x/Zv8QW4NN/
@GW62 Technical analysis is a system of predicting how the value of companies move. My advice is this. NEVER make definite conclusions based on your own ignorance and lack of knowledge. The definition of an open mind is the ability to entertain an idea without adopting it. All that matters with TA is the data. I have drawn thousands of charts over many years and developed my own system which is provable, testable and repeatable. With respect, your lack of knowledge and experience is screaming to me from what you have written. Become a student of life, why inhibit your own growth?
Swazers - genuinely curious, what/where from is the earlier data on that chart, for a company incorporated in March 2016 and IPO onto the main market in Feb 2017?
Thanks for the chart. What do you deduce from it?
I am sure I am not alone in being sceptical about SP charts. They can, of course, tell us what happened in the past (or part of the story) but the past is not a guarantee of the future. A SP can be trending upwards and fall off a cliff in minutes due to some news event. The reverse is true of course. These are extreme events but I do not believe in SP predictions based on price trends or recent data.
I drew this idea for #EML and went back 14 years. I found it very interesting. https://www.tradingview.com/x/sIi77CCj/ https://x.com/SwazersC/status/1748290074360353218?s=20