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I used to look at charts. But mainly shares are news driven.
Today’s rise was to do with the RNS. Not chart technicals. If it had moved today like this without an RNS, fair enough.
Hoping to see some consolidation tomorrow.
Master82
"Shares are news driven. Nothing to do with chart analysis.."
I presume you have never looked at any daily charts, because if you did you would see that the share price has bounced off several support and resistance levels for many years now.... ? There are plenty of online bar charts to look at - and you can draw in support and resistance lines to see what I mean.
And when earlier this year when there was that huge MM manipulated down spike on an RNS which no doubt caught plenty of stops, the price was rapidly marked down to a previous support level....Coincidence ? I think not.
At the end of the day to re-read an RNS.
Heron 1 looks to be all set to go in 2024.
SunSteppe renewable have 5 projects in development.
The first two are 'exciting'.
A nice adjective to go to bed mulling over?
Yes for the SP but mainly for confirming what's been reported by our Mongolia watchers (thanks again).
Also for confirmation that our management team have been patiently beavering away in the background not only to get Heron signed off but embedded into Mongolia's future energy plans (without upsetting anyone with threatened legal proceedings).
Thanks Mr Buck.
A floor under the share price with only one way for it to go from here, with or without a fund raise).
Researchandhold said //BP is like a stain on humanity//
Let me think back to what happened just a year ago.
Oh yes! - PM was "fully funded" through to VI drill.
MB talked the SP up to 5p in December.
Cash raise at 2.5p in February.
History repeating?
Great to see progress, gla
Shares are news driven. Nothing to do with chart analysis..
Bit like Zak mir useless analysis.
Think NEWS today more important then any Bollinger band lol!
Thinkost important thing to focus on - Company move from EXPLORER to PRODUCER / REVENUE GENERATION.
This is what attract big INVESTORS / FUNDS and leave behind smaller holders / traders.
Now we know PROGRESS and expect more news as payment in place expect to go through "soon" then am glad to see STEADY RISE / UPTREND!
No massive day rise but progress on uptrend for all multiple development / operational RNSs due.
This will be MASSIVE in 2024 and rise for this start to happen today and from RNS update.
Good to hold all my stock for this 🦉
BP - Keep up, look what they said yesterday! https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=MATD.L British Bulls always make retrospective forecasts!
Researchandhold said //BP is like a stain on humanity//
British Bulls gave this as a BUY last Friday (before the RNS) so some sort of a rise wasn't unexpected.
Nice that your charts tie in with the Feather Forecast here, Mr Stargate!
And Mrs WOS likes Bollinger as well as shoes, I'll bet
All positive WOS, but the cynic in me says a nice rise in anticipation of first Oil, a low ball placing, ( again !!) the inevitable pullback in the SP again before rises and gains as 2024 ( hopefully ) progresses.
I hope i'm wrong, but i've seen it, sniffed it, smelt it, all before.
Good luck to those who noticed the two Bollinger bands diverging from each other on 15/12/23, top band going up and lower band going down . Students of Bollinger bands know the divergence of the band indicates an impending, fast sp, movement. The Willr%, being oversold , was the indication, to buy rather than sell, because bollinger divergences, can go in either direction, without directional evidence.
Be like Mr WOS; wise enough not to give a hoot what Mr 'Professional' say here !
Aren't we all glad we don't have the likes of Mr Professional as our neigbours in real life.
Insufferable ... me me me merchants!
As I said earlier I was surprised that the price had not shot up .I would have expected it to go up to the price earlier in the year when things were not as rosy as they are now.People have started to wake up to the very good news in the RNS and I can still see more increases to come.Once the RNS comes to say all agreed this will be well into double figures
If matd.l hits 10p in spring, maybe we even propose a Knight Owlhood for the Simon C-Owl of this BB; The one and only Mr WOS ?!
Ojay wants a christmas bonus. Again licking owl ass...
Will be back q2 when the equity raise is announced.
Will not read as i already know it will be even worse than normal.
But dont worry Doc i still keep trading this think. Next position short but Will not tell you when...
If you miss me Will be at sng ... trying to trade some life in to that one. ;)
Thx WOS!
For all of those who keep critisizing WOS you should understand that his posts - although repetitive - reach many more readers on this BB than those individuals who look into it daily.
As he has mentioned several times: If you can't stand it - filter him.
I for one am glad to have him on board.
Petrovis (main shareholder) will want good ROI after years of investment / millions spent.
Will discuss this after COMPANY MAKING RNS release but investors have very big payday coming imo.
Will focus on RNS / Operations until then 🦉
Back at screen and happy to see just START of UPTREND - Header say all.
We have more CERTAINTY now with progress report and understand final step is herder compensation transfer (money all ready to go) - expect this "to go through SOON".
With more certainty I see INVESTOR start to take longer term hold with LESS FREE STOCK in trading.
As OPERATIONAL START near and updates happen price push up even more - we see how small volume move this.
Quick summary (please ignore if you want):
- Asset with 7,000-10,000 bbl per day plan for development in 2024
- Rest 3 Billion field in Block XX extension
- JV with DQE for fast / low cost full field development
- New Blocks
- Renewable explosion in Mongolia with increase in Govt level / Bank financing
- JV positioning with foreign companies due to in country experience
- FULLY FUNDED until at least July 2024 (believe it not).
All know we have people on BB who make lot of claim about trade this / did that - think most understand truth about them so will keep focus on Investment - this is what is important.
PRICE WILL BUILD / FREE STOCK WILL GET LESS / MULTIPLE NEWSFLOW WILL START
2024 is the Year of PETRO MATAD and it's HOLDERS 🦉
Looking good so far and hopefully will pick momentum now which is overdue. If the trend continues for a few days next week and we start at 5 plus I would than be more happy to conclude that confidence is not ebbing.This has a long way to go certainly to get to the heights some are predicting. The shows not over . And there's more.
This is not for the lily Livered.
GLA
In my view, those that feel the need to tell you when they bought, when they sold, and what profit they made, usually have a smell about them , it’s called bull…., and can smell em a mile off
@professional
Don't bother coming back for Q2.