The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
Excellent suggestion, Trek. Will do and thanks again for the posts.
Na, the tech analysis as a bottom feeder is ' let the trend be your friend. Lol,lol,lol.
Yes thanks Trek. Always read your insightful posts with interest…always great explanations that make a lot of sense.
Pompey,
Thank you.
There is no established pattern yet and an Elliot wave let alone a correction pattern emerging would be some time in the future, if at all.
That takes at least 3 waves up for TA even with sub waves within each bigger step. You can see examples on Tesla and Gold.
This may help
https://www.investopedia.com/articles/technical/111401.asp
I think an ‘ascending channel’ is probably the embryonic chart pattern atm that looks likeliest to play out at least for this year.
Remember what I said earlier. Read the admission document and copy your price points over based on peers and news. That way you will have a better idea of what to expect or as important what not expect with the SP glidepath.
Good luck.
Usual caveats
Trek
Thanks Trek, I for one found this very insightful and helpful. Nowhere near your league in technicals. I was wondering if we could be on an elliot corrective wave 2. Probably wrong and embarrassing myself but not to take away from your superb post, which I'm sure many other investors will appreciate too.
Trading for 6 weeks and looking at charts .
Hmmmm let see if support will be tested then .
Here is the chart pattern that I think is emerging. An ascending channel. You can read the definitions and see the pick here.
https://www.investopedia.com/terms/a/ascendingchannel.asp
From Brave AI…
“ An ascending channel chart is a powerful pattern that can help traders identify an upward trend and potential trading opportunities. By understanding the key features and trading strategies, traders can use this pattern to make informed decisions and potentially profit from the market.”
The key features, technicals aside, are obviously news driven. Then the technicals come into play.
So far we have climbed to the first step.
That’s up from 10p and established an upper resistance of 20.8 and a support of 14.57. The length of the step is the gap between the last event, likely Hereford flipping & the IPO being oversubscribed and the next event.
The next event is conclusion of the scoping study. Obviously an unknown event can change this up or down.
Here you can see the flat step and the channel.
https://uk.marketscreener.com/quote/stock/HELIX-EXPLORATION-PLC-168244881/graphics/
So in the meantime the stock should sit between the two bands until the next news. It may break up in anticipation or down on a delay. Atm it’s peak and consolidated and is probably slipping a little based on PI boredom. Afterall it’s been two weeks!
Let’s assume all is on track. Well in that event the next step should be up and the height of the rise will be dependent on the content of the news. So what’s in the scoping study.
That step will then establish an upper and lower band. A channel will then appear between the two steps as in the first link opening up future predictions around the next step and beyond.
Albeit one always has to factor in reality with forecasting.
That reality comes from the news content, peer analysis, financials and of course the Bod and other market dynamics.
So one can atm assume there is no reason why we shouldn’t establish a higher step on the next news and then a higher one again thereafter say on rig mobilisation and then drilling etc.
So we should follow the pattern until we get kicked off either up or down.
Hopefully that is a little more helpful than a wet finger saying 16p or 27p by next week!
The SP will very likely move north but how high is as yet unknown. But at least in theory that means higher highs are ahead of us putting buys in profit and building the next resistance levels.
Usual caveats
Trek
Fundamentals are strong.
Patience is key.
Your nonsense is just noise and disruptive.
Was said on Monday 16.6 not far off .
Way closer to 27p . Hold tight will be few dips along the way .:)
Maybe stop tour nonsense and disruption.
You have been wrong 100% of the time since you decided to grace this board with your complete lack of knowledge.
I am sure you won’t listen and will be back with more bull 💩
Only 6% of my prediction 16.6 for Friday afternoon on Monday .
Good luck .
Educational videos are great!
Makes a change for a company to come to market with a team that know the space better than anyone in the world!! Exciting few weeks ahead!!!
Loving the social media activity of this company.
https://x.com/HelixExp/status/1793951159578697948
A few decent buys today including the 40k and 75k late reported as sells.
Another short informative video there today.
Exciting stuff
Another troll. Filtered.
Maybe it won't be 27p today.....but its odds on favourite for a decent rise into the high 20's and beyond in the next few weeks. Why? Because of the low mcap relative to its peers.....the relatively low number of free float shares...for all off the positive reasons already kindly outlined by others here.....IF and thats an IF, it behaves like HE1 in the early days then we can all see the possibilities here. I think this is actually a safer bet given the strength of the BOD and being in the US etc etc
All the talk of no production until Q4 2025 etc......that will not stop it reaching the mcap of its peers at least who also do not have a firm date for production yet either. If production were about to commence then we should be talking in the £££'s for this share. Its also relative. I get the feeling that some people have just had a bit of a punt without proper research and would like another go at it having sold up already.
I like many on here have a pretty decent sized holding........and I won't be offloading any at this price as it is still way too low in my opinion. I will offload higher up to reduce my overweight holding and protect my capital but I will keep a decent qty into the drill as this BOD and the assets here are the real deal. DYOR IMHO.
ATB
Blue
Pls stop arguing the petty toss its ungodly🤦♂️29 by Friday 🙂
Legin don't police the board it's not your job.
Balanced post on a forum .
Some were blogging 27p 27p by Friday get in quick.
That's why you get the reverse of that . Traders pump to catch the gullible.
Chile an be proud of your investment otherwise you come across desperate an needy.
Another top up made.
More nonsense from whoknowsnowt. More nonsense.
More comments than trades today .
This rocket needs helium first .Pump Pump Pump .
No 27 p this Friday .May be next one May be .
Optimistic Prodyctions is 2 years away isn't it ??
The Chinese will be buying up the Russian helium. They will push the price up….just in time for our commencement of production
More empty green boxes coming through not to be read. Excellent time saver. GLALTHs.
Another great video;
Helix are a production line of positivity.