Big big traders work towards distinguishable such patterns in order to create massive profits on the way up and then again on the way down. There is absolutely nothing random in a share chart . It is either contrived, massaged along by algorithms, or it is a struggle between bulls and the opposing force. All under very strict rules.
How anyone can invest or gamble/trade without understanding the basics of TA is fighting with only one arm
The reason it tanked at 14p was something called an Elliot 3 wave which would have told readers paying attention to charts to sell. I remarked at the time, "anyone for 3 wave tennis" (I'm sure you could find it in my history, I don't post much).
I did say that CPX was ready to turn around from 7p. With all this selling off in bulk I think the next 'bounce' area is a buy price of 5.75 - 5.6. That seems a continuation of a line going back months. I have got a big lump weighing me down @ 7p but I will stick with it and add more further down. Hope that is of help to someone trying to guess the bottom.
Long time holder. There is alot if speculation about the Share Price and yet no one has mentioned TA or charts. Not one reference. If any of you know someone that uses chats I would ask them to have a look. I think they would say this is within 0.25p to 0.5p of setting off again. Sometimes a share just has to go to a chart point in order to gain momentum again. I know TA is frowned upon by the majority here so will leave it at that. Good luck all
There quite possibly be a bigger manufacturing deal going down but that usually comes, especially with a new Broker, with a money raise. If you stick around AIM long enough, a new Broker is almost day follows night with some dilution. That said, a raise with a purpose and focussed on ridding an impediment, is often a game changer (See open orphan plc)
.... Rivertfort, YA and any other prestigious investors loaning out their shares are on a 1.25M per calander month sell off and they don’t seem to mind sub optimal, then surely the purge starts again Monday morning??
(It is CPX and not WSG that is hurting most at the moment. CFDs can be a sod when you are the wrong side of them. At the same time as all other ones)
If the ‘system’ is going live on that date then wouldn’t a billion dollar system want contacts defined and settled. All set. All sorted.
If no RNS this week then is WSG actually in the frame for the long term? Are then a pay as you go stop gap, choosen at the last minute? Previous RNSs may hv talked contract lengths but that may just be an aspiration.
If there is no contract by 2nd March and the ‘system’ green light announcement is made, then there will not be a contract for us . Full stop. Another one right there.
A few days before a false dawn can be called.
Another company would hv an increase in share price around now esp with C virus sales.
It is a measure of not only our CEO but the opinion of the market as to who he has let into the share pool. He has capitulated to the worst possible investors time after time. Loaning our shares. Massive churns if blocks of shares.
Maybe the promised land is really when you hv all had enough of your CEO and finally decide to address that issue and not do the usual ‘deer in the headlights’ AGM routine this year.
However, he must be allowed to play the following 4 days out.
Shallom.