Resistance from June 2016 will cap this at 22p unless there's a good reason for a break.
The RNS states M&G Investments has 48.5m shares or 5.35% of the equity. They have been buying since Nov 2016 (1) and on Jan 4th they topped up with another 10.6m shares. (1) On Oct 30th They initially subscribed for 31.8m new shares as part of ESG's institutional offer announced on Oct 20th.
63p is longer term though.
There's a lot of resistance for IOF, all the way to 22p. If it breaks that, then it can get to 27, 36 and 63. GLA
One more point on price: Say I saw KOOV at 3rd Oct 2016 and saw the weekly rise from 59 to 72 as a good buying opportunity. I then bought at 72. At today's price to sell 13.35p I would be 81% down if no stop loss was used. Please tell me how the potential of KOOV has been realised when I've almost lost all my capital.
Agreed, using technicals in illiquid AIM stocks can be dangerous, and fundamentals may be more important. However, management, however good, can promise whatever they like, but it must be reflected in the numbers.
Although you're bullish, the chart shows that only the bears are winning. https://uk.tradingview.com/i/cyiIcpwU/
There's been a lot of activity at this point in the day. However, the bears are pushing the price down from the morning high of 9.80. PS: Technically, OXB is nearing the end of a triangle formed since June 2017. As it gets closer to the apex any breakout is likely to be less powerful.
85p and bullish. The 200 EMA is on the verge of sloping upwards signalling an uptrend. PS: Recently I said 88p. Nearly there.
The history with TRAK's volatile share price is there for all to see. Whatever the fundamentals, this share can whip saw you out very easily. In late Nov 2016 it went from a high of 160 to a low 92 in a week. Again, in late Feb 2017 it went from a high of 112 to a low of 62. Last week, was also a big move from a high of 150 to 105, and the indicators suggest it will fall even further. GLA and DYOR
Sharp decline today, and after 2 purchases worth £1.2m on Dec 8th. There does seem to be some support and indicators and moving averages point in the bullish direction. Unless...
Although it's flattering to think some Directors like Dick Morrell read these share boards, they should steer well clear. He's an insider and has much more to offer from his perspective than sifting the opinions of us on the outside. Also, when you're working your butt off in a company and the market is marking it down, you can't understand why. Well, that's Mr Irrational Market at work and the share price changes are sometimes different than what seem to be good fundamentals.
Lots of technical reasons to be bullish. e.g. breaking to the upside of its Bollinger band, above 200 EMA, 21 EMA crossover of 200EMA and 50EMA about to cross over as well, breaking out of its down-trend channel and more I don't care to bore you with. However, today it's being held at its July resistance of 1443. Needs to pass that for a bit more.
Good luck Enduser. "They" say the market can stay irrational longer than you can stay solvent. That's how it works and that's how it will always work.
RBS looking positive: https://uk.tradingview.com/chart/RBS/xYlaQwGB-10p-above-269p-and-breakout-expected/
There's nothing like good results and a drop in the share price to inject confusion into the bulls. Then when you finally buy on the rumour and sell on the fact the prise rises (instead of falls) and you're cut out. Confused? You will be.