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TA wise Bmn has seen a very stable platform as from the entire morning. People who wonder about the retrace should also remember those daylong drops before each rise. "The rise in March", has been a very good keyword from Ophidian. Hopefully trading pattern will give a hint about that, later this month... For me, first new positive signal in case 36.60 is fully regained. The main target is to climb 39.10, which would give a new long term signal. Just my opinion. Not aimed at any LTHs. Best to DYOR!
Quite interesting to see how they now about to establish 6p !
Redbus, thanks for asking. No sdvice meant of course. Currently the Sp appears "nervous" because of too many short term punters. Plus that long term holder who had to sell for some reason. He likely sold to the chinese. Now despite nauseating shakeout, the Sp edges always a little bit higher. (Only weeks ago we could not even surpass 25p.) While today, Gcm has clawed firmly into 28-30p, and IMO prepares a new uptrend platform. Envision those repeated short lived 35ish breakouts as someone who is testing the next playing field. While today we see 35p only for a few seconds on the screen, the Dp will soon establish 35p as the normal day trading platform. 35 will be the new 25.
Kaz currently still has a chance to regain 614-615, but if this is not regained soon, then a new set of retracement waves IMO. First sign of a bearish trend if 604 is breached. Confirmed if 600-599 fails to hold. In that case retrace to 562p. Just my opinion. Best to DYOR on lse.co.uk !
Larky, for large stakeholders (some on here multi million Bmn shareholdings!) its quite difficult or impossible to swing trade in this smallcap share. Haha, and what if all sold at the same time?? Where would the Sp go? :)) Totally different game for a trader, who works with 40-50k pounds in a share like Bmn, or with some 200k in a Ftse share, like that copper... These sums are pocket money for some of the loud holders here, who said their profit was down 300 or 500k, merely since December! Another thing to consider is that the current monthlong bearish trend, as signaled from 20th Dec, has almost completed by now. In my opiniion the last meaningful sell alerts have been 48, 46 and 44p, as posted here. Whats the use to sell now, when Bmn is already bottoming out (and the max bottom might be 31 or 30p)? Each to their own decision how long stick it out. Sudden RNS...? If you're a trader you always place several auto buys in a decent distance of the current Sp, in case there is a rebound. No advice meant. DYOR. -------- arent we all better off selling all our shares now, and buying them all back when they get to 25p, the only risk is some good news, but what happens then the share goes up by 20% which off 25p is 5p, so no real risk from where we are now, we just buy back in? Larky
John077, also note that since the bearish market turn in December, every company update from any decent company out there has been used to selloff. Thst is a common pattern while in a bear- or sideways market. Investors are impatient, and once they get the RNS, they will focus on the one hair in the soup. Whatever the RNS here, it will lead some peeps to take profit on the same day. Plus, it will include certain tasks for N4P to achieve, whatever the current (minor) challenges may be here. Soon, sometimes in April or May N4P will need to refinance itself. This is why me, I smell a decent Medimmune collaboration extention that will come together with the announcement of a limited share issue at 10p or similar, to finance us untill summer 2020. Just my opinion.
Well said, guys. On the end that was quite a pullback this afternoon! While this morning there seemed to have been one sudden large buy placed (fake spiked to 634p!), in the end it waa unsustained and probably meant to soak in buyers waiting at the 627 barrier. Yup, got to be careful these days. Whats also astonidhing to see is how KAZ accurately follows the US stockmarket. Anyone knows what that is all about? Once that the S&P started its weeklong rally, our share price immediately followed. Lets take a look now where Kaz might find new grip..
Kevkan, one type of market behaviour (trading pattern) to remember is that a large seller (here named "tame seller") does NOT come for no reason. On many occassions I realized that an institutional was selling after a share has peaked out twice (here pointed to as "double top", back on 20th Dec). Me, as private investor I simply try to follow their moves (on share chats often referred to as "follow the money"). --------- But then again someone might buy some shares and someone might sell some shares