It's oblique support so it moves around depending on how I'm feeling, anyway, Basil Brush is boom boom, the matching blow off gradients seen December/January 17/18 and the one now.
Overhang could be 90m minus what has churned through last couple week, finite yes but possibly substantial. If those large trades had been a mid discovery match I wouldn't be so suspicious about them being flipped but because they went though well below bid, as you would expect, for a sale picked up by a market maker or broker and there's no TR1s been forthcoming my spiv antenna are twitching.
They will keep selling until they get the wink on the bond issuance Imo.
Mr market still not overly convinced eh, still an overhang from somewhere, contractors, 1.76 flippers, who knows seeing as Tr1s seem to be at holders discretion :-)
Simply pointing out the need to be conservative about time scales and ascribing value at this stage. Fwiw, I fully expect a spike tomorrow followed by a broad consolidation over weeks and maybe months but happy to be proved wrong
It's already effectively been taken over With regard to this area, as OMI shareholders will see at best 20% of profits well down the line and possibly considerably less depending on how plc costs and production costs are handled in the future (a pretty distant future maybe)
Now 20% of a great big profitable mine may well make you rich, but it ain't going to be next week.
You're right there, spike on discovery and almost always years of decline, dilutive placements, false starts, political instability etc etc. Some people seem to think kefi is a multib next week lol
Tilray.....holy cow. I looked at it for a short, at from memory, 120 glad I didn't, volatility has been at AIM levels. I'm certainly not risk averse but......no borrow thankfully.
I rather dismissed The Times article on large II position building but it does appear to have had quite an effect, I mean the buying not the article. New Ceo and good results have taken boo this far and it certainly has the ability historically to stay overbought for an extended period up to three weeks on the daily.
Are there t/o rumours going around the spivs, nae idea.
This rise almost mirrors the May 2017 rise to the ath although starting from a lower point. Buying pressure on Friday was relentless and I notice the 220.00 neckline support was tested intraday on Thursday but I still think a 227.00/220.00 consolidation must be on the cards.
I'm slightly at a loss as to where to add anything on the daily chart other than to say it could loop up spend 4 weeks arseing around come back and hit support at 220.00 and still be in a strong uptrend, IHS still confirmed with a 300.00 target (February!!!)