Member Info for Chartist2

TheBaker, just a little comment about the price action. In my opinion someone has taken some of the cream off the cake during the 33ish hype by releasing more and more warrants. Weak holders are squeezed out in three steps: - Weeklong pressure and breaching of the 50-day support (23.60p) which usually acts as automated selling - Todays further push towards 21p with a chance to hit 20.20p, where more and more PIs will throw the towel - Sp could see a sudden rebound back up to 27p, where some will consider to sell and walk away This is how the market is played usually.

Right now there remains a fair chance that 21.20 - 21.30p will hold. But if breached, then retrace to 20.20p, the support level from 1st February, before the substantial up-trend began. Time will tell what is bugging this share all of a sudden. Nigel knew that by writing "2020" he would cause an instant price disaster.

Hughwilson, there are also private investors who can under no circumstances hold and stomach these kind of losses. I am talking about newbies who have been called in from 30 ish ahead. Never mind if its merely a few Ks, but few people can hold a large 30 or 40K sum and see it shrink. In my opinion this is a PI squeeze out, by forcing the Sp down (on little volume) again and again stop losses are breached. ------------------ "...as a result of traders who have exited."

The fifth correction wave should be completed soon. - Initially the target was the strong 50-day MA support around 23.60p - if this is NOT regained immediately, then another small retrace to 20.20p (the fifty percent Fibbo retracement) - next bearish confirmation comes when 21p is breached

There is always an ocean of explanations once the Sp does not follow the high hopes... Right now the Sp still just sees a technical correction after too many people steamed through the entrance door. The weak holders are flushed out now.

Mapp, There is a more active share chat community over on iii-uk if you are interested in updates. Why is this company where it is? Because they kept lending form the chinese man, who now owns a large part of the company. But: There will have to be a settlement with shareholders at some point.

Market Capitalisation �20.67m Fair current value between 40-50 M

My post from last week Thursday, which reflects my strategy since the past two weeks: - the 27p line must be maintained at all cost! - if this becomes the new wall, then new wave of selling - bearish warning when 26.35 / 25.90 / 25.30 are breached - pointing to a retrace down to 22p Now to your id i ot post from today: "Chartist, even you must be realising that you're spouting some technical guff!! Every time it doesn't bounce..." Pettycash

Unfortunately, given Nigels dumb-head "2020" statement (which was totally unnecessary), the Sp has now lost one month performance and is basically back where it was around 8th February. Anyway, all is well as long as it bonces nicely above 23p as it does right now.

The Sp has now completed #5 wave within the mid term downtrend that started 33ish. Its trying to reconnect with the 50-day support around 22.60p, where you should see quite a bounce.

Fair value as from technical point of view has always been 26 Pence. Excluding any dilution. So the latest price weakness IMHO is because they took some cream off the cake... Todays 23 - 24 probably equates to the former 29 support range.

Looks like substantial 40-60k buyers are coming back. The mentioned 24.40 barrier is about to be climbed now. Sp still bouncing there.

Anyone can confirm the real spread at the moment? Six percent seems a little off... Spread as %: 6.38%

The Sp finally now making a fresh attempt to regain the 24.40 support, but could as well bounce at that wall for another hour. - First small positive sign if 24.40 is climbed (confirmed at 24.55) - New bull alert if 25.70 are climbed

AIM_chaos view...? Also surprized to see that Mister AIM Chaos got so quiet after the weeklong wobble. (He posts substantially more when we are on the rise :))

Surprized to see that much weekend action. Remember to get a little sunlight during the winter month :)) Speaking of sunshine: I think we can expect a very decent Ftse opening tomorrow! "Nasdaq closes at record, Dow rallies more than 400 points after jobs report..." https://www.cnbc.com/2018/03/09/us-stock-futures-dow-data-nonfarm-payrolls-and-politics-on-the-agenda.html

Fredo72, I take it you didn't get your 24.50p ask price anymore. Hmmmm... Ask: 25.50 ----------------- "The enterprise value of N4P is over �20m." banknote

...buying back half of your former shareholding, right? You wrote that you sold half of your holding as from 27p. Not all of it. (We shouldn't forget this little detail :))

...and here comes the rise above the important 24.40p line. @hughwilson, I have not done any in- and out trade this entire week at this company. Just for your info and/or your conspiracy theory. Did my view change from bearish to bullish this afternoon? I just try to state the facts that are presented on six screens. And the current one is short term bullish. @Pettycash, You hold one of the longer term signals. Right now I am referring to a short term technical rebound after an overdone correction. The Sp should bounce up now from the lower Bollinger, back to about 27p and 28.75p.

Solgfinger, this last wave could already be achieved as we speak. The Sp does not need to fulfill all the way to 22.60. If the price is holding up well (like it does today), then the wave will run out of steam and thus can be accounted as completed. - that 22.60p is a massive safety net - the five bearish waves simply corrected an overheated Sp (probably scaring super-short term punters) - new buy signal is in the making right now, as soon as 24.40p are climbed - I for one expect a gap-up opening for Monday morning to 27p - as you say: One should not risk to be out over the weekend! (Sorry for clogging the bb.)