Member Info for Chartist2

Any sudden good news will cripple all (short term) chart calculations. So lets see if Bushveld bothers to release a few news snippets to explain these two months of bearish trend.
For me its important now that 34.20 holds at the end of the day, despite small dips.

Thats a good sum-up, Zeus.
Just make that two months please, not two weeks. BMN has been dropping for nearly two months; basically from 20th Dec 2018 when the Sp first pointed to a mid term bearish trend, and later confirmed the sell-alert.

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"Bushy share price has taken a hit in the last 2 weeks and sentiment has dipped amongst a few of our posters on the board. That is completely understandable. I feel frustrated that the company's great prospects are not recognised by the markets..."

Now very close to the 34.20 support line. Alfa, do you plan to bring in another 100k? The market needs some more takers...

Folkies, if we ain't buying, the price drops. Normal. Isnt there a soul out there who likes to buy from the ii who keeps unloading? :))

Nice one, Roydon! Current pattern suggest one more attempt to hold 600ish, but our former friend, the 614 line, is slowly turning into a barrier. High 615.60 Low 606.60

Jogj99, meaning "we traders" or shall I say all of "us" shortterm oriented investors out there. As soon as the next bullish line is triggerd, a large numbers of automated buyers will jump on that. Me too. Give us 38.80 (firmly regained), and you will see the beginning of a new long term uptrend.

Couldn't agree more, Kamil. So I shall switch to low alcohol cider then :)) And I will also apply your trick: GCM climbs 31.50p GCM climbs 31.50p...

"...when you were just a glint in some travelling fairground workers eye." This must be smthg funny! I have to google that now!!

"...whole point of investing is to find a company whose sp is "lying" about its true value, ie Undervalued. Thats the whole point. Then you ride the sp up to where you believe true value is." Endion, a mid term trader is doing exactly that. But once we identified Bmn last December at 35p as undervalued, once we enjoyed a strong rise, the Sp did not want to climb further. No buys have lifted it further. I dont give a flying pigseye if Bmn was still undervalued at 49p. The Sp spoke loud and clear, and was pointing to a drop & weeklong retrace. Plus, our sell strategy was confirmed on a daily basis, as from 46, 44 and so on... What more do you want? In most cases on the stockmarket the Sp anticipates negative news. In our case just slightly negative, but with the risk of a capital raise for the SA listing. This is why the Sp remains our most reliable investment informer. The "truth" in this very moment has NOTHING to do with TRUE company value. But still, 35p is the sad truth.

...from previous post: Alfacomp, I do realize and respect very much what you guys helping to shape/ create: Develope an outstanding green-company with a LT future, with lots of personal effort as well as large personal capital investments. Hats off for that! I agree that Bmn belongs to the exceptional shares on the AIM. Please take my "shareholder value" wording with a pinch of salt. For me Bmn is just one out of 15-20 tickers, incl. metals/ commodities / currencies that I need to handle during a two, three or four week timeframe. Not that much time for news research really. Think about it: Some 25 y/o bloke in your capital, wearing Burberry shirt and XL size Girard Perregaux watch, will generate more in one hour with the Euro-Sterling bet (as soon as the Brexit hits the fan), than what my BMN investment has generated for me during two months of holding. Diversification! This is why I prefer not to get too attached to a share.

Sorry, was that "mingle" or "meddle" the word you use in english? Anyway, I am not obstructing anyones ideas on this nor any other billboard.

"What about the company's 'ideas' - do they count?"
Many companys out there. Many business plans. Many ideas to achieve targets. Some companies are good for long term invest (like BMN), some companies just for a few days trading and never look back again (fly...). At the end of the day what counts for most PIs is the fact on the ground: The share price.

If Bmn can deliver 49p this month (or 85p this spring:), many of us will be very happy about that. Never mind how they achieve it. The same with the opposite direction.
Its about steady Sp-performance and shareholders value*, just as you and me have to perform very very well in our daily lives, without much excuses, correct?

(*starting from summer 2018, when Bmn was heavily ramped everywhere)

giro, are you sure about this exact closing price from the UT trade?

That 1350ish price is one of the latest massive walls on the technical chart. Best to DYOR research here.
For my strategy, from todays point of view, anything above 1353 is very good (better would have been 1359), and this could soon become the platform to jump 1400 ish.

"At least he admits that he does not want to 'mingle with other people's ideas'."

Yes, Alfacomp, each to their own fundamental research / TA calculation / personal opinion and sharing or not sharing ideas with fellow posters or friends.
Even if you were posting StrongBuy in December, you were entitled to that opinion. In the meantime I held the exact opposite opinion once that BMN has peaked out and the facts (the Sp reality) pointed to a mid term reversal.
No, I never posted "StrongSell", because BMN remains a long term winner share.

Fascinating closing price, isnt it?
And what a lovely lovely spread again: Spread as %: 7.69%

Kilkenny, are you done selling now...?

Alfacomp, are you sure you piled in the entire 100k worth today?
Anyway, not complaining: This mid 30s looks much better than the low 30s we've been loking at for days. Lets see if the Sp can add a little more tomorrow.

Great observation guys! Storm in a teacup over. All retraced back to a normal day mid 1300 ish.

...and theres the bounce at the 1353-1359 barrier coming into play.
Lets see if they make that in another attempt tomorrow.

The strength of the rebound, I can only assume that some of the bigboys taking position now (after Metro has been gently handled by the UK press).
For my individual strategy overall important that at least 1353-1359 are maintained at todays closing.

Reminds you of that techno song "flying high" ....

...the support line has eventually been broken. And now its very important that at least 618 or 614 are regained within one or two days. Otherwise KAZ will start to bounce and start to edge lower.
At the same time one should remember the latest strong (US) buying. So in my opinion this pattern could suggest that someone is digging for more shares befiore the next upleg.

No advice meant. Best to DYOR on lse.co.uk