Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
XPT/USD, the dollar price of Platinum, reached $752 in August 2018. That was the low 10 years ago as a result of the financial crash. It has also been in a downtrend for over 5 years.
So based on the facts, XPT/USD is nowhere near bullish. For it to reverse, start an uptrend and help the miners, it would have to go over $1200. So, it has a long way to go.
Confused direction for CNA on the daily chart. 2 consecutive patterns one which was bullish and the other bearish.
https://uk.tradingview.com/chart/CNA/j9zNwGRD-Centrica-2-consecutive-H-S-patterns-Interpret-that/
Good recovery play. Today it gapped above 274 and should be bulllish although trend is still down and it's a long way to fill the gap at 511p.
Poor deal for shareholders, and already accepted.
"· The Boards of Vernalis plc (Vernalis) and Ligand Holdings UK Ltd.
(Ligand UK) are pleased to announce that they have reached agreement on the
terms of a recommended cash offer for Vernalis by Ligand UK pursuant to which
Ligand UK will acquire the entire issued and to be issued share capital of
Vernalis (the Acquisition)."
Still being pegged at 135 resistance. No breakout yet.
Bulls would need more time before committing, and 220 is a realistic target.
Breakout day on H1 results.
A buy signal for some: https://uk.tradingview.com/chart/AZN/kviY10Rh-Astra-Zeneca-AZN-Breakout-day-after-H1-results/
Apologies, I meant 64p resistance.
Today is breakout day from a 70p resistance estanblished in Dec 2017.
Here's what I posted on Jul 3rd:
https://uk.tradingview.com/chart/AOR/vGnQ08qS-Will-Aortech-break-out/
Must go well past 88p before a breakout. Positive results could be a catalyst, although the market is telling me it's not enough at this stage.
On this morning's IG Spreadbet platform, the VER market has been intermittently open and closed for trading. Why? No lift off yet though as cup and handle pattern has just formed: https://uk.tradingview.com/i/Cagb1ltG/
In the World Cup they used to have an Octopus forecasting results. In Russia it's a cat. Both would be much better than these analyst predictions. PS: My analysis is: https://uk.tradingview.com/i/AYTVowtt/
33 is based on the 200 day moving average, which in my book it has to cross before the downtrend has been reversed. 4.25p is based on the last pivot high at the end of April this year. It's the way I see it, and everyone will look at the chart and see different things which are also based on their own trading rules and strategies.
There's nothing like a bulletin board bust up in the morning! As a diversion, here's a few points: The breakout from 103p has been weak as there was only 1 test of resistance. A small pullback today but it is possible to reach 209 in the next 6-8 months. Wait and see. Since it broke below 103p the volume has increased significantly showing much more interest. Finally, IGAS is above its 50 day moving average, which for me is a first step in reversing the 4 year down trend. GLA and remember, calling each other names does nothing for your bottom line. Peace!
Good results = next leg up