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I'll not argue, its not an either / or, its a tool. I'll leave it at that... other than, I think you'll find that a lot of shares are already traded by AI is just one step removed from algorithmic trading.
It certainly is.
When all shares are traded by AI, and no emotion or aspect of differing human interpretation is involved, it may then work, although I doubt it. I've read so may believers over the years, all of you must be as rich as Croesus by now, and far to busy to argue on a mere chat board.
Its not a belief system it is just one tool in a toolbox of many from fundamental analysis to economics and environment, so many use it it has an aspect of self fulfilling thus it helps to understand but heh, we cannot all use all the tools, thus if you choose to have one less tool in your box that's your choice.
Not everyone has seen it all be wrong more times than it's right. the myriad factors that can, and do, influence share price movement could never be charted with any degree of accuracy. It's a belief system, and believers can never accept criticism of it. That's normal.
Of course one needs to understand the basis and intricacies of technical analysis to see its benefits, but then education is a wonderful thing and not everyone wishes to learn...
But only if there's an r in the month, and the moon rises above the oak tree next to the church.
Load of old .....
Looks like the assessment of the fib support could be correct, it's had its initial bounce, next few trading sessions could see the bounce continue to the 23.6% fib resistance at 37.2p.
My buy (not so chunky!) at 11.53.25 is showing as a sell.
Chunky BUY orders hitting the book
12:01:48 31.88 478,725 £152.620.00
Yes!!! Got 3.1k @ 31.6. ☺️
This could be the bottom. Price is sitting right on the support line, 61.8% fib @ 31.3p (if the fib is taken from the 9th April close rather than the top) however, sometimes it is important to see if the trades are obeying the close rather than the spike, in this case it may be valid as the close was respected on the 18th April where the price bounced from the low of 31.275p
I might sell half then and see what happens ;-)
Alternatively, but still applying your theory, if you got out now it will bounce immediately afterwards, for which the rest of us will be grateful :-)
Would like to see the 50 ema hold, it's right on that, then it will be 30p. It's dropped 20% since Monday, but oil has tanked as well. Disappointing no buys coming in. The whole share is obviously extremely speculative, I'll be out if it goes below 30p - and then it will probably bounce lol
How low do people think this may go?
The share price has now dipped below my average. Cannot resist raiding my bank account for a top up. Not massive but trying to make up for some previous sells. Don’t know if I’ll be able to get a buy through later on at a good price!
It was a simple market to market trade, you can see by the price with a miniscule margin to facilitate, had similar done when I've moved stock from one broker account to another. Th e transaction has to go through the market and tiny spread is added. I hope this helps.
Correct. I expect you are hoping for a lot more sells today then...
So, for balance, I guess the seller sold them to a buyer.
🤡 🤡 🤡
Just for balance my sharescope shows these both as sells, looking at the trades immediately before and after showed that the spread set at 34.0 - 34.3, buys attracted a price of 34.3, even for small amounts, no way to get a buy through at that time priced at the bid.
The trades went through at 34. far more likely they were sells and might account for the large drop during the day as they were being worked through.
Have I understood this right ?
Are we speculating that someone had the capacity to sell and then buy back 2,579,000 PANR shares @ cost of £1.7m?
This mystery investor must seriously be confident in the PANR business case and assets.
Thanks for the link...I've leant something new.
Go onto the official Stock Exchange site and search trades
trades at 12:43:53 & 12:44:12
https://www.londonstockexchange.com/stock/PANR/pantheon-resources-plc/trade-recap
21:02
Never heard of APS
https://www.gov.uk/guidance/manage-additional-permitted-subscriptions-into-an-isa#overview
You can do it using an APS allowance, ask me how I know…..actually don’t.