Member Info for BillyRay

I'm watching the 112 level, if that holds then we could move high (the good news should help) If that breaks then I am looking at the 107 level to sub £1

Let's see if 44.22 support holds, if that breaks then I think we will be sub 40 in the next few weeks.

Could be some support at the 149 level, if that breaks then we could be looking at 142.

@Sandyman

Why 50p? What's the theory behind that and why that level?

As long as 51 to 52.50 holds (if we go that low) then it will be fine. Clearly in a down channel from 8th June (top) 23rd June & 2nd July forming the channel, we could break that channel this week and I would then expect to see a move back into the 60s

@Vipster84

On the daily chart, left Shoulder for the period 26th March to 15th May, head forming from 26th to present, right shoulder to follow. it would be a very big H&S so unlikely but it did catch my eye and does tie in with recent price activity. We will need a bounce to form the right shoulder and the bounce would need dot be soon.

@Nickel_investor

What's the rumour?

If we break 56.50 then I think we will re-test the low

Morning all,

I'm in at an average of 200 so the fall is a bit of a pain but looking at the charts it looks like a head & should pattern is forming and will play out, suspect we will move lower. I am a long term holder so I am not worried by the current move, could provide me with an opp to average down. I agree with the comment that it's going to take time for the public to regain full confidence and go out to eat during the week & weekends. I do think long term this company is fine.
GL Everyone

I will be happy as long as as 52.50 holds, a break of that and I think we go much lower.

Afternoon,

Has there been any news about how they doing or any deals they have done in USA? I can not find anything online so just wondered if anyone had come across anything?

51.66 (approx) is a key level, I think it is likely we will go down to this based on the wider market movements.

@ Haich - great post.

Afternoon Everyone,

Anyone on here look at the charts or is everyone mainly news-driven? I see there is a lot of nonsense in some of the posts and every 0.1p move is feared or praised. Price may go down and test 51.50 if it breaks that whist the FTSE is stable increasing then I would be concerned but overall Cineworld is fine, this is just a pullback.

Markets can not just go up, they have to come down as well. Your time frame is the important bit, if you are holding medium to long turn then go make a cup of tea and stop looking at the price. if you need to sell this week then it's a different story.

Now in at 75p, this move is nothing more than a market pullback. Might go lower further but long term it looks good.

Morning all,

Not sure if this has been posted before but its some guy (trader) reviewing Cineworld financials on youtube. Can across it, thought it was quite interesting.

https://www.youtube.com/watch?v=ETJuvYmBVRs

Not sure I agree with his views though.

https://shorttracker.co.uk/

Lists companies with Short Positions

Thanks for passing my comments on to BOE, much appreciated. LOL. How do you factor in Brexit to next years economy view? I would love 15% but it thnk its a positive statement after a negative statement by the BOE to try and give reassurance. We all want a good strong economy and we will have one, it just a differernce in views on the timeframe.

The end of Lockdown does not mean the pandemic is over, it just means the NHS has more room in their ICU units. The lockdown was all about NHS bed space. We still have no cure and testing that is questionable. Fully Agree with the economy needs to get going again but imagine what a second wave will do? When furloughs end in June, there will be mass redundancies across all sectors. I think there are many more tough months ahead in 2020 so to talk about an economic recovery is a little early. IMO