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It's just ticked up a notch.
The first of the bagels have been munched.
Fomo Friday the 14th has begun.
LET FOMO FRIDAY BEGIN :)
Ask is moving up, 239.67p to sell at big quantity
Many Thanks rickee...! GL!
Hi Manifesto - the way I use them is: currently in a bull flag on 5 min chart and sat at the 240p level which was a previous all time high. I would look for a close above that.
A bull flag is bullish and as I know news I due on copd which is expected to be good I would expect the uptrend to continue. There is a potential for 270p today in the current channel. What’s important to note is that 270p is possible but equally it could close between here and 270p. I wouldn’t worry about this share unless it dropped hard to close below the last resistance around 222p.
So as you can see it’s a tool I use to say - yes everything is on track or something is wrong let’s sell and reduce risk.
In theory the breakout of the bull flag on the daily chart that happened last Friday would signal the next move to 315p.
Good support at 2.40 ready for next leg up....!
rickee
I am curious about charting...Please could you tell us what the charts
show here today if you have time..Thanks!
its not easy because its a skill you need to learn like anything. Why people are so hostile towards it i have no idea - bizzar!
investing on fundamentals is great if thats your thing. for me its about a mix of both.
Twitter seems to have a huge role in investing..
A tweet from our Don can cause havoc....Tesla can drop
on a tweet from Elon.....Rumours start and hopeless stocks
with massive debts fly.........LOL!
Dave the twitter feed link not working
Just give the the replacement word in the stars on your link
Thxs
Mk
I think charts work in many sectors...But we are
in totally new territory....A pandemic...Sudden and unexpected recession..
So many industries on their knees and may not survive..but looked very
healthy 6 months ago....I do not see how charts can be so relevant in
the current climate.... IMHO!
Seems odd that huge multi billion ££ companies have teams day trading off them every day of the trading week if they were rubbish??? Maybe it’s people not understanding what they are for? They compliment news - he SNG chart is bullish and news is imminent - therefore the market is starting to price ahead on good news. The charts show where the key support, resistance and trend lines are. They also show you when sentiment changes.
Im not disputing the benefits of charts, or the information that can be provided from them and I'll admit i know very little about trying to read them, though I have tried. Its just everyday j hear a new phrase attached to them and never know if its kosher or horsey poo.
Charts are very helpful for understanding the past, but it's quite difficult to buy shares there
the chart thing works with the robotic trading - all the data the robots are utilising is in the charts... just slightly more complex algorithms... one of the fundamentals going into those algorithms are 9 and 26 day trades which is a good starting point.
If you want to have a nice afternoon looking at a nice chart on synairgen though, just draw a rolling 200 hour chart. That will make you all feel good):
I put charting next to black magic on the scale of the dark arts. Doesn't stop me tuning into Zak Mir every day, though.
Charts are no different from tarrot card reading, I was told that by a gipsy once at the fair. Cost me 10 quid.
My take, for what's worth as another jo bloggs, the sp reaction is due to the HL seller seems to have either reduced their selling or stopped altogether, current holders trust in the potential of SNG's platform and the continued mopping up of shares by the American fund, and obviously, the relative number of shares in issue.
And of course, we have THE only promising treatment available. The rest are clearly dwarfed in terms of effective results.
Good luck all
ST
On smallcap illiquid stocks this is as good a belief as the yanks waking up in my books.
If enough people believe in charts then that means charts are a thing because the belief will affect behaviour
Agreed about SNG being event-driven, however as it becomes a market with active dynamics so to speak, more people inevitably turn to charts. Good point on having them in one's tool box.
It's an event driven stock.
Believe what you want, what do I care.
Morning Mrninja, chart indicators have been around for decades now. I guess their names derive from their shapes. Up to you if you aren't a 'believer' in them but imo you're missing a trick by not having them in your investing toolbox, alongside fundamentals research. atb
ignore if you like but the fact that thousands use them and act on the signals means they are valid. SNG is text book at the moment in terms of charting....
Who decides/makes up these chart indicators? Bullflag, ptea cup and handle, muffin top, club sandwich with fries.