Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wow lots of chat today. It's amazing how often 'news' coincides with technical pivots, golden cross and all that.
Anyway brothers (and sisters) thought I'd go back and have a little look at the sad decline that is the weekly chart.
Just a couple of things really to take from this RSI pink line never breached since mid 2016, popped now, needs to hold and even the MACD signal line threatening to go positive. Oh yeah and wee pokes through the 100wma , 200wma as target works in nicely with the Q3 gap fill.
https://ibb.co/gZ9MRj4
Quite liking this set up long, managed to hold at the turned 100dma and back above the 200dma after a decent period of consolidation. In fact price above all the important daily moving averages and MACD turning, hopefully presage a nice move along that last trend line to fill the 3.20 gap by Q3
https://ibb.co/4pZP4Mh
**Imagine that for an Ouch if your short was 10,000,000 shares form .32p
relist £3.00
So thats a leverage against at £2.68
Erm, that's a lot of dosh, especially if you don't have it
No wonder the shorters are mad crazy and desperate**
Shorters have been paid out sweet cheeks, sorry to burst your Schadenfreude
Appreciated but traders should always be beyond cynical and I was just making the point my initial thought on reading this morning with my cynical hat on was 'trouble wit bond' and judging by the sell off I wasn't alone.
Stopped at the 200dma today, needs to hold it tomorrow, nice bullish sign if it does but other indicators not looking so hot imo
You've always been an idiot ramper Degs, didn't appreciate you were entirely illiterate regarding market mechanics though. I suppose there's an outside possibility you're quoting RSPs you can see on a dummy quote with IG but that's equally irrelevant.