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Nice big strong buy to close week .
Big buys coming in looks set to pop to 85p plus
Gla
No volume today , if people want to buy they need to pay more , not many sellers here
Someone is buying in 20k lots . Look at trades . Getting interesting
Nice move up on low volume , handle fully formed in my view . See if plays out , very big base formed ,loads of energy
Can’t believe he works for such a small wage , for turning around this ship . Must lose half in tax and ni , so 10k a week ,long days no sleep , worry , etc , could run a small contracting firm and make the same .
Must be a profile or sense of purpose thing , so will probable see job out.
Price appears to be rounding out a base here , will give it a couple of months to confirm , good luck all
I run my business through a Ltd company , draw income as divy , on 50k pay about 3k tax and no ni
Done it for years . You can retain profit over needs in company so it rolls up , company has several million in retained profit which is corporation tax paid will use as pension . Gifting shares to children on seven year rule so passes on tax free . Spent many hours working on this found this way involves no specialist advisors ,no large fees , and no trusts etc . All allowable under uk law
Anyone else seeing a massive cup and handle forming , currently got a nice down sloping handle forming , buy point for me is 74. Anyone on here trade this formation .
Be constructive for this to test lower around 65p
Sorry I don’t know how to , not good on tech . Basically look for share trends on 5yr chart first . Then on one or two year chart and find is share in uptrend . You need a sideways base to form minimum 2-3 months , some type of test will take place to grab shares from weak hands . Rr did this day before it jumped . That’s final buy in on spike down , it can retest this level again or carry on up as RR is doing.
Look at Vtu and wtb both have good setups as examples .
Exits are harder, look at wyckoff topping setup , looks same if rising or falling until Utad so combine with 10-20 or 9-30 moving average to exit , but do it manually and can ignore if on a test .
If your really interested ,read up on wyckoff and Howard marks books on cycles.
I use a combination of trading uptrending shares , only use weekly charts , never trade when markets are open [put orders on after hours as less emotional], bail out if not working , you can always get back in .
Hope it helps
Price target 232-236 based off point and figure charting ,works well on finding next level to rebase up or down . Using Wyckoff to find set up , then going into point and figure to get entry exit . Takes a while to learn and get competent with , but has transformed my trading , put my isa over 7 figures in two years .
Works even better on way down if you exit on a 10-20 moving average , you don’t get much drawdown , just have to allow for tests of supply before the share moves.