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IMO of course
Looking for 55p + on the close
Something is going to happen one way or the other, big pressure building on current trade levels.... share bouncing off top VWAP nicely, looking for god power hour folks.
Hopefully the fomo squad will also make sure we finish nice and strong, ready to do it all again tomorrow!!
let's all keep those fingers crossed, definitely within the realms of possibility (and even previous performance!)
Strap yourselves in for part 2 ladies and gents, I'm strapping in to re-test 60p.
GLA what a day!
The shake has started!
Hold on to your balls people!
I have learned from very recent previous experience and taken some out at these levels, but will keep a very keen eye on this share over the next few days!
GLA and well deserved.
Sure is! Huge SP energy atm, loads of interest in the final mins of play.
Bullish triangle forming into the close with very nice looking higher lows forming since 10.35am this morning.
Very strong short term buy, at the very least!
GLA
Very little resistance from here to the levels mentioned above, feeling very good about this share short-medium term.
The DBX reviews all trending positively with this quote summing up my view on the car's potential perfectly:
"if my experience is anything to go by, in the wealthier and highly-competitive well-heeled suburbs of Britain, this will become the sexy school-run 4X4 in which would-be Mr and Mrs Bonds will trump the Jones's in their Range Rovers, Bentleys and Porsches." - RAY MASSEY - THISISMONEY.CO.UK
Were going to find out very quickly if I'm right...
https://imgur.com/nwHK3KF
Big shame to see that Tullow has broken out the bottom of its 'higher lows' trend.
Next support is at 26p If it breaks that, then were looking at 25.5p or below pretty quickly, if it bounces we could still finish blue!
all to play for, GLA
Not going to be popular here but I think a bit of a reality check will set in tomorrow when the results are announced.
There's been barely any signs of a slow down for this bearish run in the SP since the 23rd July. I've been waiting for an entry point all the way down from 55p and whats worrying is that there may be little to no support from today's close of 35.25 untill all-time lows are reached at the not to be mentioned 19p range.
It sucks for holders, believe me, I've been there many times before. But with the unbiased opinion of a sideliner, I think its time to lock this in the bottom draw till some major industry news shakes things up again for the better.
For the GOOD news camp.... if the update is great tomorrow and the SP can hit and hold above 40p that would change a lot in my book.
GLA
Things are looking very good very soon for Tullow. There was decent buying volume before the close today and we are approaching breakout territory after bounding nicely off the 23p levels late last week.
Would love to see us close above the 28p mark, that to me would suggest a reversal of the recent downturn and a bullish outlook all the way up to the 30s and hopefully far beyond.
All very much in my humble opinion.
Have a good evening all.
Seems to my inexperienced eye that we are seeing a cup and handle forming from the 29th till now suggesting a positive uptrend on the cards from here.
Also seeing resistance point to reverse the bearish run at around 28p
Also seeing the bounce off the VWAP today as positive.
Any thoughts?
Bouchos, I'm relatively well versed in the SVOD/AVOD industry.
Fact - Parents will and are paying subscription money for Disney + (over 50million subs and counting since launching properly this year) - They like the premium nature of the platform and the reassurances that come with specially curated and trusted content.
Content is absolute king in this day and age and on that front Disney (and the other SVOD services) holds all the cards... Most YouTube channels with broadcast-quality content only have the rights to said shows for around 3 years on average. When those rights lapse, the likes of BritBox, Rakuten, Samsung, Sony, Disney, Netflix etc etc will be chomping at the bit to immediately secure and monetise those shows more efficiently.
Also with tech innovation in the home cinema space booming, the only real positive that the cinema has is 'the experience'. Yes people are savvy, which is why they buy their sweets from Tesco's before going to the cinema... Its also why cinema owners are going to have to pivot their business models to not only compete with SVOD/TVOD and AVOD platforms, but also to re-ignite a passion for cinema. Secret cinema has managed to do that somewhat but at huge cost which now may amount to very little.
My honest opinion is that yes Cineworld investors will see gains from these levels, but Cinema as we know it has to adapt to survive or Cineworld won't even be seen as the nostalgic 'BlockBuster' of yester-year.
Dead cat bounce or the new foundation to build a bigger and better 'cinematic experience' it's do or die from here.