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The current problem as I see it is that six months ago, 60%+ of the current float was issued at 11p. Six months on, a lot of those holders are maybe frustrated by a lack of action and seeing other shares kiting up, are bailing with their investment intact. Notice how it sells off every time the bid gets above 11p. 60% is an enormous overhang. It needs a catalyst from the company to take off. At least some update will come by end of July with final results….!
Couple [or just one] of traders still trying to influence the chart.
Boring but a necessary by product of tight float.
Tomorrow marks the latest RUA notify the markets of final year results in recent years.
So I'm going to put a positive spin on and say they are waiting for something cheerful to report with it (as they seem to like to do) and that they would only hold off if they were expecting something to report.
Of course that could be fantasy rather than reality but I'm an optimist!
😂😂
NT to buy. Well done if you sold it!
Every lunchtime!!
Agree, the illiquidity and small float often means 0.7p RSP spread when quiet.
More importantly, you can't buy big here without premiums. [200k is 13.5p atm]
Scoredagainsteps - Disagree as 11.6p is nowhere the top of the range. But if you want to day trade an illiquid stock in this market you mast be fool.
Yep, same person did the same last week for the same amount. Could have got 12.75 yesterday!!
A few have little conviction but it matters not in the grand scheme of things
Rinse repeat
Huge buying pressure yesterday at 13p. mms kept NT. Today folks selling under the bid for 11.6p. LOL. market maker's dream...
Didn’t expect a red close tbh. Looks like a 11p - 12p range till some good news?
That they are although a retrace is most likely now, around 10% I'd guess.
Well fingers crossed for RUA!
I do have very few ABDX and I know you are saying the chart's looking good there, and strong management. I'd like more my track record means no new money these days unless exceptional circumstances..
Not at all 'aim' but FUTR Future plc might be on the way up for a while. I sold out last week to buy RUA instead (maybe I went too early) but they are a lot less risky and seem to double / halve over the months and atm are on the rising trajectory.
Well, maybe this will be the one!
(have you looked at ABDX)
Hi Wyn, yes that would be good :-)
I suspect I live a few miles from where you once mentioned to another poster where you *grew up...
(*Cue the searching by other posters through your history!)
I think for me to be breakeven (after eve, 4D, etc) I need AVCT to be >£10 so we might just have to settle at you being rich and me 'less poor'.
All the very best,
D
CTSFO, thats the drawback to trade small cap stocks.
Its fine on paper but in reality the stops are harder to execute and therefore the whole risk/reward ratio gets skewed pretty quickly.
I tend to use charts to time entry and exit whilst understanding some of the fundamentals of the company.
atb
Good morning Wyn D (I know… sorry… 😇)
Seeing the disproportionate response the sp has to a relatively small number of trades, a stop loss would get very interesting very quickly. The sp would crash through the floor with any mass sell off. Great if you want a cheap buy in price, otherwise very disconcerting to the rest of us still holding.
Fine thanks D.
I think your disposition is a credit to you.
Maybe one day when we are all rich from AVCT we can meet up :0))
Wyn, Latin still has its uses and I can use google translate!
Hope things are ok with you.
Morning D,
Based on all that TA is odds based, (what is most likely rather than a firm "prediction"), than a spike of that magnitude can be ignored as not representative of the crowd over time, and therefore not likely to be repeated. If its not likely to be repeated then it can be dismissed, (or at least be given less significance).
Cheers
Good morning Wyn,
I can see the 20p now, and the 30p (July / Aug '23)which I couldn't before, but why does that November spike get ignored; cos it was just a spike?
All the best, D
Looks pretty good right now for further gains.
20p is the first target with 30p the next one. RSI has room for SP appreciation.
If you wanted to really play it then you might have a stop put in around 11p. so currently 13p is a 2p loss/risk against an 7p rise/reward which is greater than 3-1 which tends to be the ratio most traders use before committing to a trade.
(imo dyor etc etc)
Last years Trading Update was Fri June 07 ... so hopefully we will get something this week ... just a snippet of encouraging news could propel us to the next level
Nice consistent buying this morning. We could do with a tad more volume to push through the resistance once and for all. We could then start to test the 15/16p mark.