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Yup, tried to buy �7 worth (5000 shares), no quote!!
Thanks dusty....also i'm chuckling my head off!! Sit on the naughty step....lol.
Ha ha....thanks noodle...really made me chuckle! Just wanted to highlight the fact that there are some technical signs that the trend may be shifting to the upside. Notice I didn't say is shifting as it hasn't done it yet! Also I have that gut feeling too! Probably nibbling too many biscuits!
Morning peeps! Well as you know, the 40 day cycle was due to peak 10/1th May, which was when the 26 week cycle was also due to peak. I had updated that to suggest that the cycles would right translate. So far the 40 day has a bit with last Tuesday's 0.16p high at day 22, so just beyond halfway. Actually the same happened with the three prior 40 day cycles....day 22 was the peak in each case. Some of you may not have looked at the chart, and all this number stuff may seem a bit like gobbledegook. I can assure you its not and in AXM's case there is a clear cycle of upswings lasting four weeks and downswings lasing about the same so far. Anyway, last week was week 14 of a clear 26 week cycle. So that has right translated by one week. That could be it actually, ie we've seen the top of the two cycles, and down we go into the next monotonous downswing. However, in my last post I mentioned the three white soldiers recently on the weekly candlestick chart, which signals a more bullish outlook. This, along with the bullish orientation of the three moving averages I mentioned recently too, suggests that maybe, just maybe a new dawn is about to break in the shares of AXM. I know I sound like i'm writing a research report...lol. Can't help it i'm afraid as I used to do this full time for a living in the city. So, I will admit to trading out of 4m shares recently as it swung up to the recent high, but I could not bring myself to sell any more than that. I have still got 26 million shares and I will hold these given the undoubted potential of the company. I note the recent move back up in the price on Friday and again a bit this morning. The test is can it get through 0.16p. If it does that then I think its going higher. However, if it doesn't then 0.16p may be the high for a while until the next upswing. In any case I really can't see the point in selling now anyway as we are getting so close I would have thought to something really positive coming out. If it does then the price is going to take off. Where too, who knows quite honestly, but probably multiples of 0.15p. Still think we've all got to be patient a bit longer though. Good luck everyone!
As you know I had been expecting a peak in the AXM share price to occur on either 10th or 11th May. Well it got to 0.14p on the 11th, higher than the previous 40 day cycle peak of 0.1375p on 13th March. That also coincided with hallway through the 26 week cycle, i.e. week 13 being last week, so a peak for that cycle. HOWEVER...... I think that both cycles are going to RIGHT translate. That means the peaks within those cycles are going to skew into the right hand side of the cycles. In other words beyond 20 days for the 40 and beyond 13 weeks for the 26. There are other technical signs, strong ones in fact, that this is going to occur, and, this is what you would expect if the overall trend is turning bullish. So that means more time spent going up than coming down. The downtrend line drawn across the two previous cycle highs (0.1475p and 0.1375p) has been clearly broken by the latest upswing. Cesaro over on the advfn thread pointed out that the 15 day moving average is crossing the 45 day and 100 day moving averages and is primed for a major move. Well he's right, the 15 day has crossed those two averages, AND they are ALL rising. The last time that happened was on 9th November 2017 when the price went from 0.1275p to 0.1825p in two days. This time however I would say that the orientation of those three averages is the best they have ever been since the long downtrend came to an end in February 2016. Also from that point I can clearly see the 26 week cycle and those subsequent. Finally, there were three white soldiers on the weekly candlesticks, the last being the week just gone. I am very familiar with the significance of this. For those of you who are not, you'll find the answer on this link: https://en.wikipedia.org/wiki/Three_white_soldiers Good luck all.
on the Western front this morning.
going on. Well done ya all. Came across this old report on the vanadium and oil shale deposit...St Elmo http://aigjournal.aig.org.au/wp-content/uploads/2014/05/coxhell.pdf The bottom of page 10 and all of page 11 make for very interesting reading. Within the total Toolebuc Formation very large quantities of vanadium are present, with an estimated total global resource in excess of ten billion tonnes of vanadium. Now that sounds a hell of a lot to me!
how the price quote fares with the recent share lob outs, so far its holding steady at 0.12 to 0.13. Jesse Livermore I think used to try that trick....sell some stock, see how the price reacts, if it holds firm then put on the real trade - buy. Omens look good, not much buying first thing, then price goes up. Then some reasonable size sells and the price holds. I'm only making an observation and this is how I see it. Maybe i'm wrong, who knows, still it lines up with the,....oh not the b....y, cycle again.
selling today clearly have no idea that this in the rising half section of the 40 day cycle now. However, we need these na�ve (well I suppose they may need the money for something else) people to let the price rise not get too carried away just yet. That comes later, possibly late this week and definitely next week.
nicely. Market makers seem to want the price higher, particularly as 3.3m traded is not setting the world alight yet. The 40 day cycle upswing is now in motion, this price action, particularly as its following through from Friday's rise and funny bid price of 0.1115 (which I thought was unusual....maybe a subtle clue) is confirming the upswing. Ideal time for a cycle peak is 10/11th May - somewhere between 0.150p and 0.1825p. I could be wrong and it goes higher - obviously on an RNS, still i'm not necessarily banking on that or expecting it per se. It just looks right to keep trending higher for another week and a half.
Anvil was the best chance, that was a goer until it got taken over by the Chinese. Anyway, nice close today on my!! chart, or should that be the chart. Cyclic forces are now starting to impact the price. Charts don't work or do work perse, same with fundamentals.......its the correct interpretation of them that works.......THINK about that statement. Its logical! Anyway, good luck to all and remember we are in an upswing mode so keep all the comments here bullish. Ta
that a few of you are trying to ramp this like crazy! I have a few myself, so don't want to upset the party.....well not just yet (having a party that is) as the price is still in the doldrums. The 'funny thing' is that its looking right on the chart to start rising very soon. If you recall some weeks back that I was expecting a 39 day cycle low on Monday 9th April. It hit a low of 0.1075 two days early on Thursday 5th April. The thing is I was not expecting the rally to 0.1325 by the 16 April. I think that was too early (if it had carried on at that rate of rise we'd have been over 0.20 before it was due to peak around the 2nd week in May). So its dropped back (everyone getting bored, ****ed off, put the directors in prison, disgraceful.......remember all that!). Well I think all that negative stuff was good as it has made the chart look a bit better actually. We now have two lows that straddle the cycle low and now this looks better for a fresh rise to be sustainable at least up to the 'ideal' place for a peak....which is around the 2nd week in May, so the week commencing Monday 7th May. This of course as I said some while back too equates with the longer 26 week cycle peaking around that time too, though maybe the week commencing 14th May. It seems that you are starting to get bullish at the right time. Keep it up!!
Well, ha, mice eating the rope - hmm that's taking it a bit far - you're frightening short wobbly person! As far as i'm concerned the �20 k sell is good. Takes a bit of unwanted froth off the price - its gone up a little too quick - peak not due till early May, so still two to three weeks to go in this upward cycle. We want a nice steady slow rise, then come May a sharp acceleration higher ...whoosh!
trade at 0.0013p was a buy given the time of trade and add in �6 commission (Interactive Investor?) comes out to nice round number of �7500.
Thanks dusty for those kind words! I am sure we all have our fantasy's, though my dreams and fantasies may be different to yours..and no i'm not telling! I have occasionally poked myself in the eye, though have never paid for it, except with the odd tear or two and it certainly wasn't pleasurable! Now what we need is a nice steady rise each day from now, not too much though.....we have another three weeks to go before a peak....which may (hopefully) be quite a bit higher than 0.15p. That is the inference from the chart, vis a vis my cycle analysis. The top of the last 26 week cycle saw it take off quite a bit to 0.185p, and if it closes over the early Jan rally high of 0.145p then that would suggest that this 26 week cycle peak could have a crack at that. Thing is though, I would prefer to see several days of sideways action to build more support, certainly over 0.12p, to give it a nice platform to launch itself higher. The last time it went higher (to 0.185p) it did it very quickly and thus was not sustainable and came back very quickly (obviously on the placing). This time it doesn't need any more cash, so with a bit of luck the rise coming up might be a bit more sustainable...because there is a more solid reason for it. Ha....now i'm fantasising a bit, I have no more idea than anyone what piece or pieces of solid stuff is going to come out. Who knows!
Thanks chesh. I'll take a large bottle of water just in case!
Apologies for the heavy chart stuff, but seeing as we hadn't had much light hearted biscuit dunking stuff I thought i'd go the other way! All true though...honest guv! Good luck to all the regulars and the newbies, you know who you are!, maybe i'll see some of you at the Investor show!
this is going up. The chart....which I will explain and Martin speaking at the Investor show on 21st at 09.40am for 20 mins. Don't know what he has to say, but the timing is impeccable......probably just coincidence. The chart. Stock prices move in cycles....all have their own individual characteristics. If you know what to look for then it helps a lot in the timing of buying and selling. Sometimes the cycles are hard to spot, sometimes they are easy. In AXM's case this has been easy, particularly since Oct 2017. The 26 week cycle and the 40 day cycle (or more specifically 39 days!) . The 26 week cycle last bottomed 9 weeks ago the week commencing 5th Feb. This is not due to top out until around the 2nd week in May. The last 26 week cycle topped out during week 14 (just over the halfway point of the cycle). That coincided with the top of the 39 day cycle, which hit its peak on day 20 (pretty much bang on the halfway point). So both the 26 week and 39 day cycles peaked at the same time! The high of 0.185p on the 15th November was a few days or so before the placing! Remember the excitement in the run up to that peak! Fast forward to the current position. 26 week cycle top due 2nd week in May. The 39 day cycle was due to bottom on Monday, it hit its low two days early last Friday, so pretty close. The peak of this assuming its at the halfway point is going to be 4th May or possibly Mon/Tues 7th or 8th May. That coincides with the peak of the 26 week cycle give or take a few days. Also, we have had five distinct waves from last Novs 0.185p peak. (three down and two up). So that downward phase is over and a new one has started. This all fits together. As you might guess I went long recently!
If it is god help us.......https://twitter.com/Martin_Rosser
someone has just paid 0.135 for 2.5million. If the mm's are desperately short of stock this'll go 0.1275p or 13p bid before long.