Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
dazhahs - PVR, oops! yesterdays drop went from 15.75 down to 8.75 so about halved but only came up to 10 on a rebound. It has hit a low but if that further drill goes south then you could really pick up a bargain assuming the rest of the business is sound (and productive). Good luck. I am staying away from oilies these days, have lost too much in the past. TESLA over SHELL any day !!
Lek, on a a weekly chart, the Spot Gold price has a clear buy signal after a run of distinct selling trend. The current candle is coming down nicely. Need that Aussi guy for a retrace entry point after weekly buying trend has been established. I think BT will go down to about 312.5 and then back up and top about 347 (from monthly chart). It is on a strong upward trend at present. Interested to know if you stayed in? I hv a £25 straddle and an additional £10 look G as I prefer the look of the uptrend, especially with the 4 hr, daily and weekly buy signals.
VENN: http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=8j05rysddlru7w4k9b9lfzafe&type=png&purpose=share_google Anyone else got any charts, thoughts on a potential lowest SP? Great company, by the way.
Lek, would very much like to have a dialogue about BT with you. I thought I would set out my stall b4 you pen a detailed response to my earlier posts on the matter. Due to the high occurance of price movement in distinct trends, would you agree by using the higher resolution, the monthly chart, shows two distinct trends, illustrated in my chart: http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=7eyfiry3jed9c33ozwdiithaf&type=png&purpose=share_google It is difficult to judge just how wide the red channel is but if you would agree the encircled Mar 2016 is the first clear sell signal, then the most important trend line is the red solid line. It is also worth noting that this month of July has produced (assuming not too many surprises on Monday)a bullish engulfing candle as well as the wicks lining up exactly as highlighted by the purple upward trend channel: http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=iv92tlex65qmn1rhxrbmvdyci&type=png&purpose=share_google So..... I am expecting one of two options: the price is driven down the red channel and then bounces off the lower green line (or it crashes through it, although that would be a real crash of a giant company that is hugely profitable)and away up the green channel, or, the price pushes through the red channel trend line and continues on the green channel. So... I have put a straddle bet on today at around 306/7 (there was no real reason for that spot, I just did it when I thought of the best way to move forward). I will cancel the straddle when it either touches red or green (with some leyway). I am interested in the weekly engulfing video, I need to see where he recommends you place to SB after the trend is started. I think he made mention of video in retraces. Without picking the sweet spot on a retrace in the next weekly candle after the new trend formation, one would be in debt until the slack was taken up.
Lek, BT. Glad you are interested. BT must first and foremost be seen from the monthy chart: http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=v5x6jjfbtwn2i1yqdva4cl2j3&type=png&purpose=share_google I am convinced that it will bottom out in September (when all the traders come back after St. Ledgers day!). If you look at the PRT support line in red (A) then I think it should hit that line underneath a few more time and then head down sharply to the lower green line. I think the high for this month should be around the 312'ish level but closing below the 308 as a high for this week. My drawn black line was what I was hollering about a year ago. From Nov 2015 it hit the same spot on that line for 6 months. Now for the last 6 months it is closing below that line. I think that 315 was the high (should hv been 312 but it went 2p over to take out stops) but if it goes back to 312 then I will put a big short on and wait for September then chase it back up. I hv too much going on to post a lot this week but if you study BT with the monthly chart as the blueprint, you especially, should be able to make some serious wedge out of it. I make small money out of BT but everytime I go big I tend to s h a g it up. I would appreciate a fellow BT'er on the case. Will try and look back here for the end of the month. The SP will either follow the black line down or it will go up to the red line each month and then head down again. BT generally has about 0.6 - 1.3 % every day so one can have a big small SB on the big monthly swings and bigger high risk SB's for the week and month endings. Trying to SB intraday on BT always seems to be a way of losing money. It's deliberately counter-intuitive. Sorry, in haste.
Lek, say your comments on Upward Trend. Yeh, all good with me. For a quick trade hitting the EMA54 on the way up (after a bottom out) seems to be a good place to jump off and see what happens. I use it more and more. I find the EMA54 3&8 quite slow to react but often good confirmation end of day (I am increasingly using 4 hour candles as trades often to out on the 4 hr but it would not show till the next day on a 1 day candle. Hope you SAW AVO. I saw the RNS and didn't bother opening it. Hey ho. No money lost. Hopefully chasing BT down on er the next 6 weeks or so (see monthly charts). Don't look at bb's so much these days. Also waiting for WSG. to pop. Could be massive. Laters
Three, The 12.5 on the chart is simply showing the conclusion of the Wedge drawn in purple. I was hoping that it would dip below the lower line to around that 12.5 earlier than the conclusion of the wedge and then take off. This new price movement: http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=643xmtyx23v3avggkhvyv0uqf&type=png&purpose=share_google ... I am still not convinced. They were playing with the bid and the ask every morning before 8am. Then they put the bid and the offer at the same price for a long spell. Then these load of buys come in and immediately take the RSI up to >70 in 2 days. I still think they are still fishing but if it is off upwards then so be it. If it gets past the EMA 54 I will have a nibble but not alot. Its a company I really like but this whole immugen whatsit labskin and SKIN who har could have be handled with more certainty. If they had sold it off for nothing, the SP would be off back upwards by now (after some moaning). It is still there at about 50% of its IPO? Get shot. Tongue depressors are not going to cut the mustard.
Scot, the other thing to consider is that if TW, Zak Mir etc. start posting on this, the punters may come rushing and keep pushing this. Also any rumours plus a bit of share churning (as I started to see again today which has not been around for a few days)may push it up even more. Alot to play for. Like you have said before, getting stranded with some big SB's soon finishes the bank balance.
Scot, thanks for that. I had already drawn this before I read yours. You seem to think it will go a bit higher. Bit nervous for tomorrow as I have one of my bigger SB's @ £50 per point at about 18.5. Do you see no possibilities of a sub 15p dip? http://rt6.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=d3cuviykl4008j456ujm5c386&type=png&purpose=share_google
NFL / Scot /others, Yeh, SB's doing well but took out alot of my 12s, 11.5's on spikes which may turn out to be costly. Still have a bundle (did have 17 at one point!! too exposed). If it stays here or above today, it should be away. I see your 21 but they are v v close to that contract which would take it to around 60p so even at 21 I would be keeping some in.
VCP - impressive company, especially since BREXIT. Just put on a SB. I will probably disembark as it reaches the EMA 54 above it at around 508. Stop in place because as you can see from the chart it sometimes has these wild wild swings. Was hoping for another in an uphill direction. http://rt7.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=waney2ur7smzfg5yw2ewk171g&type=png&purpose=share_google
CPX - ScotL. It's down to your middle purple line. Do you not think that main support line at 5.4 looks more likely? http://rt7.t.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=qo3frscinf3xq7u8onf2vhi91&type=png&purpose=share_google