Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Edging up a little more today. Had a three cycle pullback in the last four weeks which is just what i like to see before a likely rebound. Nice MACD buy signal looks about to be triggered in the bullish half of the scale. Histogram bars rising as the two averages start to converge ahead of the buy crossover. Looking more interesting by the day.
Bought these a few days ago at 7.335p. That was an 18 day cycle low, plus it looked like the bottom of the right shoulder of an inverted head and shoulders base pattern. Interestingly a four year cycle low has coincided with the low point of this pattern (within several days). So now the cycles are rotating higher, which suggests that the mood will gradually turn more bullish and surprise or maybe not surprise news releases will follow in due course which will draw more investors in. The 18 day cycle will top out in around a week, more or less, so either a pause or correction before another leg up. Should still be many sceptics at this early stage, but that should reduce as the cycle and share price moves higher. Time will tell.
Chart looks good, a 2nd higher low now after the first one in Mid October. Either they're going to take it private or its going up anyway. Market is undervaluing this one. I've added to stake today.
Surprised no one has commented, or maybe no one has noticed. Blue Coast ups stake again.........800,000 shares taking their holding to 23.8% now.
Hi Bermondsey,
For the meaning of a doji star check this website and video out:
https://www.dailyfx.com/education/candlestick-patterns/doji-candle.html
Hope its a bit clearer now
Wasn't sure if this link to the chart would post but it does. Its from stockcharts.com. One of the best websites for charts in my opinion.
https://stockcharts.com/h-sc/ui?s=MTRO.L
Just checking to see if i can post this as a link...apologies in advance as its not about barclays.
https://stockcharts.com/h-sc/ui?s=MTRO.L
I look at hundreds of equity charts and i had noticed the pattern being traced out since the gap down to the low on the 5th of October which looked like an exhaustion gap given that it had occurred after the persistent decline from the July highs at 125p. Since the sharp two day rally from the low of 34.50p (hitting 59p) we have had a shallow corrective pullback, noticeably shallower since the brief touch of 40p nine days ago was quickly recovered to close at 45p that day.
That was bullish price action and yesterday the price action resulted in a bullish doji star. I saw that yesterday and thought i wonder if that was at least a short term low. Then today we gap up at the open! So i thought although nothing is guaranteed this must be worth a trade at least. So i'm in for just over £10000 at 44.8p.
Must be said this chart looks good. If anyone cares to look you'll spot combinations of advances and decline in share price charts. Some are clearer than others. You might call them waves. Ralph Elliott discovered that all markets move in waves back in the 1930's. Basically 3 advancing waves in an uptrend, with 2 reactive waves in between. Total of 5 up then 3 corrective down (one down, up up then one final down then the 5 waves begin again). Thats a basic explanation. Google it if you are curious.
In PAT's case i think we have started wave 5....from 6.5p on 24th August. Wave 1 went from 3.7p (April low) to 6.1p. Wave 2 down to 4.0p. Wave 3 up to 8.8p then wave four to 6.5p. The breakaway gap GENG was on about is a not unusual occurrence in bull trends. Often the'll appear in wave 3, though also in wave 5.
Other point to note is the rule of alternation. If wave 2 is simple then wave 4 will be complex. This reflects the different market psychology going on at these two seperate times. Wave 4 is often a triangular shape and in PATs case it is. I posted some targets over on the ADVFN share chat for PAT. Note also that Elliott waves are fractal, so PAT could go a lot higher eventually than when the current wave 5 ends.
Also, the golden cross of the 50 and 200 day moving averages around mid-June confirmed the strength of the bull trend
now underway.
I think Tuesdays 2.70p was the low. Its been forming a bullish falling wedge pattern on the chart since last April. Plus the MACD has been bull diverging since January. In other words downside momentum is becoming spent. It wont take much now to trigger an upside run. There has been a false downward break of the lower downward sloping trend line recently and i think that todays rise is the next sign. Resistance sits around 3.5p, but through there the target is 8.3p. I have posted a chart on ADVFN on the bulletin board for Loop Up, as i don't know how to do that on here.
Managed to get the first trade of the day. Added to my position of a week ago. PAT is advancing from the Fibonacci 61.8% retracement level set around 17p. A complete Elliott wave cycle of 5 up and 3 down was completed when 17p was first hit on the 22nd Feb, then again on Thursday. A fresh bull market cycle can now commence again. This should see the top of the old wave 5 at 38p superceded. First stop though is the Feb 5th high of 27p. The early warning buy signal came a week ago when the MACD histogram started from a higher level than before. Plus......I really do like the fundamental story. Mark Bolton is a dark horse isn't he...don't ya think.
I have just posted this over on the ADVFN thread. This is where I post most of my chart stuff. This is what I said:
I came across this share towards the end of last year when it was soaring and thought, bugger I've missed it! Like you do. Sure you've all been there.
Well, anyway so I took a look at it to see what it does. I'm sure you are all familiar with its gold projects and as far as i'm concerned it sounds very good. Plus it comes across as it might just surprise a few people. Not just us PI's who are trying to make some money, but also to the mining world if they hit it big. Well, that's certainly not a guarantee, but you never know.
I had a listen to a couple of interviews on Proactive Investors with Mark Bolton and once I'd got used to his very slow and measured way of speaking, and quite a few irritating pauses (those seemed to bore the pants off his first (lady) interviewer, I realized that this sounds like it might grow into a very exciting story with a potentially large gold resource across its several projects.
Some of you may have seen these, but just in case you havn't this link has both of them at the bottom:
https://www.proactiveinvestors.co.uk/LON:PAT/Panthera-Resources-PLC/
So after this I followed them on the chart more closely (this is what I do....technicals). At the end of last year it looked like they were in the final throes of a 5 wave advance. Sure enough they peaked in the first week of January. That was the end of wave 5 (all the waves are labelled on the chart below).
I suppose they had gone up from the lows around 5p in October as excitement built up around this explorer tiddler! A very clear five Elliott waves thus ensued.
So after that you should get three waves down (an A-B-C if you like...also labelled) before the 5 wave bull market sequence starts again. That is basically Elliott wave theory - and as you can see it works. Admittedly its not always easy to spot the waves on every stock/index/commodity etc. However, so far on this one it is!
Note also the Fibonacci relationships I have labelled on the chart. It looks very much like Panthera has bottomed....seen the end of wave C before a new advance gets underway. The 17p level lines up with the 61.8% retracement level, PLUS the length of wave C is virtually spot on .618 of wave A. This is common I might add. The fact that it ties in with the 61.8% level of 17p is of further significance.
Also, note how the decline from 38p has taken 50% of the time it took for the advance to go from the October low of 4.75p. So in terms of price and time we appear to be at an upside reversal point. Obviously I have bought some. A bit early on Friday at 18.5p (I'm usually early!). Here's the chart:
Well, if you do write to them and as you say it gets ignored, but not binned immediately, but binned later...then you'll be writing to the usual media guys. Well how long is that going to take I wonder. I really can't see what you are going to get out of it. Maybe someone will make a bid for it as its pretty cheap right now, regardless of whether you contact Dan or not, though at 100,00odd ozs a year its not very big in the scheme of suitable bidders. Clearly there has been, and still is as of today, people still selling out after the recent disappointment. A classic case of throwing in the towel, the capitulation stage. Unfortunately for them they have failed to spot that gold bottomed last Thursday at $1785 and has begun the next upward leg. Maybe a tad overbought at the moment but should be now in the buy on dips mentality rather than sell on rallies.
You are clearly sore at being caught out, aren't we all to some greater or lesser degree. Sentiment will turn for HUM soon enough, but if you get the Media people slinging DB's name around its going to make things more volatile. Let nature take its course and this will recover by itself. Then you'll get you money back and some.
I'm sure that you are all well meaning, but I think you are wasting your time. There's no doubt of the quality of HUM's assets, but there is regarding management, particularly Dan. However, you'd only be deflecting him from his job of running the company. Hah, yes granted many would argue he's done a bad job so far, but I think the latest interview with Tim Blythe should put him in a less bad light. Only my opinion of course. The AISC issue was unlike other recent interviews discussed and not glossed over. Plus i'd say most if not all of this is now in the price.
The key thing now is the direction of the gold price. That is now up! Plus don't forget that a rising tide lifts all boats. Yes i can already hear some of you thinking ....but not ones with holes in! Well i'd suspect that a that has been repaired! The lowish guidance has clearly been set cautiously to give them scope to either meet or exceed it. Sure the AISC guidance of $1250 to $1350 is not want we wanted to hear. However, that may be high enough to get beneath it. I think Tim Blythe gave him a bit of a kick up the posterior in that interview so writing to Dan will probably be just a waste of time.
Meantime think on this ..... https://thedailygold.com/gold-miners-juniors-hit-bottom/
Seems to me Dibs that you have inadvertently given the shorters an opportunity, or those wishing to buy conroy lower, the ammo to do so by posting the one liner from the AAZ RNS. The real test is now to see if Zak Mir is right about 55p. Personally i think he is full of ****, just a jumped up overpaid Media twit. Of course he may be right, a stopped clock is right twice a day.