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This has to be a good buy now 5.65p - 9p is fair value agree?
Hi B@st..d P45
And that is why I put " " meaning it was not mine STALKER. You are trying to find faults, well next time look at your "brown sauce" if there are any red spots
"A hammer fails when a new high is achieved immediately after completion, and a hammer bottom fails if the next candle achieves a new low."
Mr RSI. Tbf nobody really cares much here about the daily swings, the candle patterns etc. If that is your thing, then fair-do's and good for you. Most here are holding their shares waiting for the big news events, the topics of which we discuss weekly. We expect to see the share price many multiples from here, which your daily charts cannot capture.
Jamesp21 and Frigger ARE the same person the clue is they have the same share posting, 88E, GGP and HE1, the 3 shares that the P45 B@st..d complained at the beginning of the thread.
https://www.lse.co.uk/profiles/jamesp21
https://www.lse.co.uk/profiles/frigger/
Frigger... excellent James caught him a treat!
GOTCHA the Crook
MH01
I am not saying it is a daily swing interest but a bottom trying to bounce back, many will be interested in picking up some at this point, or others overage down if bought higher.
I am sure you have seen many tipsters saying it is time to buy for many reasons, profit forecast, low PE, and others the chart is saying BUY at this point or take profits.
I am at the point of seeing a new cycle ( on the ups and downs of the SP ), if it is the bottom, one never knows as the market has been in turmoil for too long now, and GGP yet more despite the Metal prices at close to the best lately.
We do agree on this being a low point in the share price journey. Good time to top up, buy for a first time.
Well the UT was Positive looking ahead 5.60p
16:35:08 - 5.60 - 247826 - UT
With today's closing higher, British Bulls gives a BULLISH HARAMI Pattern
Despite the positive news the share price is only slowly moving higher, just now the bid is up to 5.60p and paying the full offer 5.80p so most likely will move further up soon.
After plenty of buying at full offer the bid went UP further to 5.70p, a very narrow spread now 5.70 v 5.80p, still paying the full offer.
After the large trades the shares are now MOTORING to 6 v 6.20p
Volume of 11.3 millions
What the Doctor has ordered, a large spike UP , some profit taking and UP again to the same price spread as earlier and high of the day
Slowly the buyers are in control again and paying higher prices 6.096 all the time now close to full offer 6.10.
And looks like MMs are paying 6.036p for sellingTthe spread is still 5.90 v 6.10p but a move up before close to the high of the day will be welcome for the shareholders.
The nutters will have to eat NUTS today
Someone has listened to my prayers ( no Thanks ) and the bid and offer goes UP to the high of the day 6 v 6.20p +0.40p at close.
Now waiting for the UT at 16:35
Hi Master RSI. All you scented candles and cups of tea handles along with rising cheese wedges and fluttering flags could not see this 8% rise coming. Charting is a weird exercise and only good at telling you what HAS happened not what will happen, about as good as eni meeni minee mo. ATB Speedy
I agree Speedie. It would just make me hungry rather than help me invest.
My storks flew away when the SP was 35p and never returned until last week so are we heading back to 35p and beyond????
DM
Speedy Gonzales
re -Charting is a weird exercise and only good at telling you what HAS happened
You know nothing I am afraid, but as much of the ones who do not KNOW charting. What has happened helps the next movemet like I said 48 hours ago ""BULLISH HAMMER: This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom."
Now if you could do it better, why not say it then, not now trying to say rubbish. Since my call SP has gone up twice, naturally, help today with the news, but the HAMMER Candlestick it tells you is a bottom for the moment being. ( my first post )
My chart comes with comments giving the reason why.
Next time learn and then talk, also try to walk before you run so speedy
With respect MasterRSI,
1. We this BB that is, have seen such an approach and postings so many times before over the years etc.
2. Secondly, I am sure you will agree that no one, not even you can predict the future?
The best analogy we all have at this moment in time is the Lassonde Curve, and that theoretical construct has so far been true, ie 38p at height of exploration /drillling/Hav 5/ find by Callum & GGP.
So what's next?
Subject to a succesful purchase of NEM's 70% ownership of Havieron, and revised FS & positive DTM we will remain somewhat stagnant SP wise IMO.
Investors require confidence in the ability to move forward and yes today's RNS was positive but there is still a long way to go before we start moving up that curve and institutional investors need to show their hand greater than they have already done so, IMHO.
It's a great curve and makes an awful lot of sense to me.
https://miningexplained.com/the-lassonde-curve/
This is what will be driving my own sentiment plus VOLUME of course, not a mere blip or two in candle or Hammer patterns etc.
You curently have no sight of anything other than an RNS/volume as we all do.
GGP 6.050 Change +0.45 British BULLS tonight say BUY.
Signal Update : Our systemโs recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 5.695.
Market Outlook: The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=GGP.L
The BULLISH HARAMI,
Sounds like a spicy sausage ๐๐๐
JiffyBag - Thanks for your observation but if you read all my posting in this thread you will see my timing is on spotting the cycles of the share price on the ups and down .
So your conclusion is on the wrong side of my ... "time for change", from the last movement on the way down is now on the way up, how long it will last is another thing.
JiffyBag - up and downs of GGP lately
I should be in bed by now, but I did a chart for you to see my timing in this share or on any of my selection I do on my monthly thread. I just started one for May.
Chart ... https://uk.advfn.com/p.php?pid=chartscreenshot&u=nn8d1/ltYaX5xf5pcwewouERfF/FTKhOYbINqPGhF4o=
All youโve done is draw a blue line when the SP has gone up, a red line when the SP has gone down and a green line when itโs remained static ๐๐๐
Maybe get a job on the roads, any good with single or double yellows.
GLA