well and truly busted and this bounce failing at that previous 139 support line would target the major support point at c111p - bouncing from there back to 130s and then retreating back to c111 would put a fooka of a H&S on the board with an ultimate target of c70p which just happens to be the 76.40% retrace of the main rise from 44p so keep yer eyes peeled here imo .......
GLA
correct me if I'm wrong but they've added a year to the original placing warrant's expiry date and further diluted by another 10% - everyone is ok with the BODs behaviour here re these two back-to-back placements?
I don't know mate but it's unusual to see a MM at top of both bid and ask but since I typed that, PEEL have pushed the bid to 14p so ...
Will be watching this with interest as a 13/24/35 recovery shape is possible and that 13.50p buy on Friday looks good for now at least ...
equally surprised by Jolly's ramp - he's usually dishing to the ramping grief to others ;)
I had as low as 12s here but that buying at 13.50 on Friday was phenomenal and couldn't be ignored imo ...
Interesting point about the 18p worth of Renminbi, all the more so as that's a currency that should appreciate in the coming years ;)
get much better than this for a charty:
6p bottom then 3.7p steps all the way up to 17.1p (9.7/13.4/17.1) ...
Obvious resistance at 8/8.5p but look for support c7.6/7.7p imo - chance it could fly all the way to 13.4 in one go (by March?) but early days obviously ...
GLA
Entirely depends on where it's at on the chart for me mate - 10p looked bouncy and was, the next step down, for me at least, is c6-7p so I'm really not surprised to see that 7p placing (though I'm as ignorant on the fundy stuff here as I always am) and for sure good things could happen from hereabouts but let's see how she goes over the next few days ...