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WSG - very nearly there. Weekly http://rt0.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=e186vrgvzdi9yoeoir6f7xykc&type=png&purpose=share_google Daily http://rt0.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=mbrobgtwwpmsaxw684zc3xym0&type=png&purpose=share_google
WSG charts: The Wedge: http://rt0.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=uzpg6ovlsnkyqr35k5imxao6n&type=png&purpose=share_google
Scubaz, hope this finds you well / other upward trend junkies, WSG - I now feel that the market cap now is below the value of the assets and PE and turnover value of the company. I am now actively buying SB's at every fall of 0.5p. I am expecting an ISA rally and then news or taken down further than any pre - ISA rally. My real target is a low of 9.448p but this is on an IG chart on a DFB, so I guess it equates to 9.5 on a PRT chart. I am aware that the wedge goes down further but I think the 'churners' of shares (i have always suspected a combination of our big investor, HH and Darwin and maybe another) will find it harder to take it down further with ISA and possible news on the horizon. I am also aware that if Darwin have a massive amount of shares left then to rinse any more shares (there are those on the bb who say they have finished already) then selling heavily into the ISA rise would be the way. Then the rise would be minimal but enough for people wanting to average down to jump in. I think just under 10p pre ISA - then up to ....? could be anywhere but not too far maybe 14-15p then back down sharply to below the 7.5p support and then coordinated news and a big rise back up to the prices of 2 years ago and beyond. Any charts or synopses welcome. (also CPX should bounce around 6p)
Scubes, my take: http://rt1.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=ynafq5rqy2fjj3kyz2u0sngip&type=png&purpose=share_google
Anyone think PMO are ready for a trade? http://rt0.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=qk32w4nwiwvjphdvzdgfjoae2&type=png&purpose=share_google (Red lines - weekly. Purple lines - Daily)
NFL, Scot, Scubaz (big greetings to you), thanks for all your input all of you, This is the chart I am working to. Agree to a first buy at around 11p. Do actually have a low of 9.25 on another chart. http://rt0.e.prorealtime.com/ProRealTimeNew/display_chartimage.phtml?name=leehbd7tzpz678fyfb4zliugw&type=png&purpose=share_google
NFL - thanks. I wasn't really saying anything, more asking really. I did post to you on the WSB bb that the volume may be being 'squeezed' out in order for D to dump their shares, therefore it may distort your indicator. This again was more a question than a statement. I was asking today if the trend line was broken earlier today on the 3hr chart does that alter you opinion that the share is heading upwards? I have alot in this share from years ago and so would really like to get this right in order to either average down significantly or at least have a separate pot to earn a bit extra. It has been my intention to add at about 11.5p so was trying to get a judgement from you as to whether its at the bottom or not.
NFL - WSG. Thanks. It shot up nearly 8% about an hour b4 close of play. There was also a 1 and a 100 share trade, if you believe in the codes. Could be an RNS in the morning or could be ready to top out. Does the Ichi give you any clues if it is peaking? Appreciate your thoughts.
NFL - Thanks on CPX. On your Ichimoku system, I understand that several indicators together suggest when a trend is confirmed. Does it also give an indication as to whether the trend is stumbling and has some more to go. I can see two areas on the CPX chart where a low of 4.4 and even down to 3.8 are possible. Someone is spending a huge, huge amount of money on shorting this (I wonder if in fact it is a future purchaser of the company as for just a plain old short this surely has run its course and there are easier targets out there)and I am assuming that for such an exercise they will take it down to a place where alot of PI's will get disillusioned. Doubt their decisions. If you have any time on a sunny Sunday afternoon, could you have a look at WSG through your Ichimoku lens. Many thanks for your efforts. It is much appreciated
LEK, The use of the EMA 54 in combination of a trend line working in the opposite direction to the general trend is extremely useful. Thanks for posting it. When I used it in combination with the 8 and 3 EMA's I was aware that the trend line took preference over the 8 EMA getting underneath the candle. Also that the candle had to fully finish above the trend line to be valid (two candles even better as a second candle often dipped back below the trend line). A combination of the two is v good.
WSG - a bit 'on the cuspy'. CPX - Crunchy cruchy time next week. Who wins. Its been an epic battle. AVO - Placing @ 100p. Did not bounce much. May go back there around the time of the PI share offer. They said next couple of weeks.