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With this significant/confident increase in position by Brandon Hill, I think we are all set to say goodbye to 0.6s. Hopefully, it will be pushed to 0.7p and above this week by those who want to top up confidently (I will consider it)and those who want to take a position. I think 0.7p to 0.8p would be ideal for now, unless the gamechanger news land and it will fly to 1.2p and above.
If you have followed my posts, I recently predicted that any top up below 0.65p can potentially have a short term 10% benefit. This prediction simply meant to follow the waves and not fight against it. I have a rather chunky size of shares here, and am not selling it, but there is always good to have a little free cash in hand to get a tip from these waves because of your patience.
Cool
This is exactly what I was thinking. The Covid 19 related stocks are quite hot and people feel trapped in here. Everything here is on track and moving forward. This is a multi-bag stock just be a bit patient. We just need a shake that can potentially come from the Sheikh. I again say this is a top up time, this has so much potential. With a bit of shake it will easily go to 0.85p or even 0.9p and with the LOI confirmation right to the 2p to 2.5p.
We are closer and closer to hear the good news. This SP is unlikely to go below 0.6p, because, the sellers of that price range are already cleared and no one is panicking to sell at a loss when we are due to hear a flow of good news. hold on to your shares and op up below 0.65p if you can,
The level of supports at 0.625p gives a very good insight into the new low which is at least 10% higher than the last week. As I stated yesterday it really came down to 0.6 ish today twice, however, we saw the support at this level. Any buy below 0.65p gives a short term 10% benefit.
I just checked I can buy at 0.6711p and sell at 0628p. The buying price is below the average share price and the selling price is below the Bid price!! It simply blocks any activity, and my fear is that it goes back to 0.5s where people can support the price for a while.
Yes I agree with you leaving the shareholders in silence make them worried and they will sell with a small benefit and the SP will go backwards to 0.6p. This current price is shaky and I wouldn’t top up.
Yes, we did break 0.7p, it is nice to finish today with this price, however, I can see some sells coming again. People really want to bank small changes, and maybe they are doing the right thing and not me! If tomorrow is not the day we are waiting for it may go back to 0.65p though!
I have a wired feeling about this stock, on the one hand I have a relatively big share size here, in fact, it is my second biggest, and naturally, I would like to see a rise here. On the other hand, I would like a few more days' time to have another top up before it moves over the 1p. So either way, it would be a happy stock for me!
We were in the region of 0.55p to 0.6p for quite a long time. Those who bought at that price may have an itchy finger to sell with a 10% to 20% benefit. So we may see a shorter standby in 0.6s to clear these sellers. Hence, even without any news, this will break 0.7p soon IMHO as people prepare themselves for the breakout of 1p after the LOI lands here.
Systematic growth on this particular stock always worries me. I have been here for quite a long time and I have a few experiences that a few days of continuous rise end up with a very fast fall, I might unload some of my shares this time at a good time, I may regret though.
By looking at the buy and sell, you can see the last few sells in 0.5p channel. It will move to 0.7p before the next RNS and then to around 1p again. Means in percentage it must have another 15% to 20% before the RNS and another 40% to 50% on top after the good news.
It also shows that the share price holds very well above 0.575p which means any buy in this region has got only one way which is upward.