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3 and half month double bottom completed today. Will it breakout and turn into an uptrend.
My analysis:
https://uk.tradingview.com/i/yv31ehUr/
Today is not a time for bottom fishers. Caveat Emptor unless you really know what you're doing.
A mine in development is a bottomless pit into which your money flows. Shareholders are last in line and treated poorly.
If you are losing big on this one I sympathise. However, the story of Richard Whittington comes to mind as this was written hundreds of years ago. So many business plans claim the "streets are paved with gold", but deliver little or nothing.
So, I suggest you hit the trading books and learn what it is to manage risk in highly speculative investments. Books from Dr Alexander Elder and Jesse Livermore are just two of many excellent works that will help you avoid death traps like this. GLA.
Taking a breather.
Pullback starts today.
Rapidly heading towards it's 200 EMA (exponential moving average) of 203. Should take a breather soon though. The war hasn't been won yet and it needs to break 244 if it's to head into an uptrend.
Ah! Someone got a nice price at the end of the day for £160k worth of shares.
Looks like another good week for TED, but the week's not over. Technically though it's starting to fill the gap from June and today it has broken away from the 951 high in July 22nd.
Good week last week with approx 11% rise, plus most of that coming on Friday. I think it can it go higher, but over the medium term can it fill the gap at 1291?
Sept 4 (Reuters) – Fuller, Smith & Turner Plc said it would return 69 million pounds ($85 million) in cash to investors after selling its British beer business to Japan's Asahi Group this year to focus on pubs and hotels.
The capital return is at the top end of the range indicated when the deal worth 250 million pounds including debt was announced, the company said.
Fuller also said on Wednesday that it had made a good start to the new financial year, with like-for-like sales in managed pubs and hotels rising 2.5%.
Serco's double bottom pattern complete, but can it move beyond?
Nick Sudbury writing in Master Investor, saying nice things about NRR:
https://masterinvestor.co.uk/funds-and-investment-trusts/newriver-reit-one-of-the-biggest-brexit-bargains-around/
Is it time for Platinum to move higher and break out from its downtrend?
https://uk.tradingview.com/chart/PHPT/m6VFz5NY-Good-week-for-XPT-USD-Can-it-break-out/
Too many actions and not enough figures. Those figures that are posted are not encouraging.
Analysis: https://uk.tradingview.com/chart/OPTI/TAo6nZ0J-Optibiotix-tanks-after-poor-results/
Message for Bulls: DYOR
Breakout at 5.40 and a good 6% plus rise so far today. Is this Silver's moment as it's also the end of a 1 year double bottom pattern?
PS: DYOR and remember this fund tracks the Silver price and then doubles the % move.
A decent week for NRR, and coming back from an oversold position. Still no indication it will retrace to anything much higher as the REIT and retail sectors are depressed.
Uptrend has a blip after today's results.
My analysis is here: https://uk.tradingview.com/chart/JLG/gVoJb9mB-John-Laing-half-year-results-Heading-down-breaking-uptrend/
PS: Peel Hunts price target of 400p a year ago was spot on.
Gapped up today but capped at 2741 and has fallen down to 2451 now. It's early in the day though, but the initial increase is not bullish yet. Also resistance at the daily 200 EMA at 2591 is holding NMC back. Either way ,good news today and a possible reversal of its downtrend looks likely.
However, after Jan 2019 it has ranged. (I wonder if the UK pub and hotel sector will get a boos from the recent Greene King #GNK buyout?)