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Looks like we closed yesterdays gap up, will 1.82 area now be support?
Sell high buy low surely?
If hole 2 gets this to 2.5p expect very heavy selling into that news. At double top this will take a lot more to force through a technical area. Keep in mind there are holders sitting on 500% gains, some of them lost them all in January so to be bak up to that level will see seeing. It's human nature, they will be seeing on FOMO
There will have been a lot of sellers who never thought they wild get back to break even or small loss from January sell off. The high of 2.5p will take some cracking but when it goes will become a strong support level to move up from.
With potential news flow still this week or next it's consolidating nicely.
30 mins in, back to normal.
Its a lesson to never buy on the open!
Putting a limit order on your shares stops them being lent out to shorters. Some platforms like iii only let you put a limit order 150% of current price so you either need to remember to manually move it up.
Outer = Purer! Sorry on my phone
Outer = Purer!
Imagine the day when Mms can only deal what they have in their books because everything is controlled through a block chain. Think how much outer the market will be!
We have gap to fill from Jan sell off when it gapped lower at the open. It’s around 2.1 area, we could still close it today.
MM's just getting square, trickle of sells to level their books a bit. Buyer s not paying 1.8 but sellers taking 1.75.
Very odd price action, buys outweigh sells and they drop bid and ask. We got a wave of buying, its like they are trying to force the buying to keep momentum. Is a big sell being worked?
1.65 was not 1.52 but we got close. I agree RNS will move the price up just as the one in January moved it down.
Mickey, you mean here or in general? We got to 1.65 which is close.
1.52 would have confluence as previous resistance becomes support.
They predicted to sell at 35p, showed the top was in with divergence. Nothing can predict, even research. Always remember the stock market can be wrong longer than you can be solvent.
It shows momentum is to the upside as the average price in the last 20 days is higher than the average for the last 100. Sorry for stating the obvious, its only a technical indicator, ideally with charts you want a confluence of indicators.
Looks like people were buying into some news, the way we climbed last week this looks leaky. Sell the news on AIM folks.
Cash is a position too. There will always be another entry or stock.