RE: RE: Next Share to Boom2 Jun 2018 11:12
Morning peeps - thanks for the props, I do me best, time allowing :)
It is an amazingly concentrated period of newsflow and the worst case appears to be well north of here with the best case being (many?) multiples of the current SP.
My current chart is still showing lots of working-out but if MOD/MTR have the kind of news in their locker to force this over 3p, never to trade below it again, then that chart will become fully symmetrical (it isn't yet) and the working-out will become simple and I hope to show that in Blue June :)
Fingers crossed for such news arriving sooner rather than later because I'll certainly be dialling in a push to/wards double-figures here, over whatever timescale, when that 3p pivot break happens.
On the TA side - we've had a nice short-term move off the back of the first +ve weekly MACD swing since the beginning of the year but it also looks like the monthly MACD, for the first time ever, is about to swing +ve. If you think that may imply a sustained rise in the SP over many months then I suspect you're probably right and that chimes nicely with the expected news flow from here of course.
As for trading, well, look, I mentioned this being my 4th upswing here yesterday and we're well aware of the prior shenanigans in terms of how/when buys are shown. The comedy (illegal) "selling" of millions of shares at 2.40p yesterday afternoon ahead of it popping to a >2.5p close was meant to throw you guys off track so you need to be wise to that, ignore the carp on the screen and focus on the real value of news items as they drop.
The guys doing the dirty here are fully aware of the real value and, likely as not, already ITK re that upcoming news flow so when they stoop to that level of market/PI manipulation then you probably know you're onto a winner here.
Outside of the initial rise from 0.7p to 6s two years ago, this has traded up/down in steps and it would be reasonable to expect the same going forward as feints are thrown left, right and centre to try and throw you out at just the wrong time. Potentially game-changing news is on the radar from here through the next six months and that's what you need to focus on, not the day-to-day shenanigans being presented as "trading" by those ITK.
I'm hopeful that I'll, in turn, have my hands over my mouth at some of that +ve news in the coming weeks/months then, perhaps, have my head in my hands as, given the right news flow, 162 and I may have to start again on the blog ffs :) We've got this, on current asset valuation, at c5p but that's without any further good news being seen in the period ahead. When that news drops, rest assured we'll be looking to reset the abacus/chart here with a view to higher targets ASAP.
Sounds like I need to get the latest batch of charts prepped for people's Sunday brekky reading so I'd better crack on :)
PS: Look out for a copper breakout @ >$3.2 ...........
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