Morning Guys/Charts26 Nov 2020 04:16
Yay an early one today, once again I have to catch up on news about the virus, what Government plans have changed to accomodate Christmas and I understand there will be more today on what tiers we might be put in after December 2nd.''Nothing worse than waking up and seeing your last post displayed clearly, especially when you have just taken loads of medications, and worse than that I have been checking my posts for errors in spelling and it would seem to little avail
Hasiba, you posted this yesterday and I just have two questions............................
hasiba
Posts: 3,560
Price: 12.25
No Opinion
RE: Delayed(?) buy at 12.50p...Wed 19:41
Uncrossing trade at 12.5 may be more relevant to chartist than others in sclp case as it represents not only matching the bid and offer price but at 12.5 close today trading confirming the bullish Harami Cross pattern reversing the decline pattern from 11.76p , and now where chartist signals to buy the share...
I am not a great believer in charts but many buy and sell on chart analysis...
So If you choose to believe them we are seeing the beginning of sp reversal upwards..and next R1 is 15.96p..
“It’s like reading tea leaves!”
GL holders
I on the same hand have a poor understanding of charts, but as you point out I have tried to learn more about, as you I see them as self fulfilling, hence important enough to understand better, but whilst concentrating on Barchart I can see little similarity with both, save for a few weeks we have been seen as a sell in the short term increasing to a 100% Buy as the weeks go forward, and I just wonder whether that disparity is just time playing itself out. Any thoughts you have or anyboby else would be welcome.
I would be very happy with a return to 15.96 before Xmas, it will DD £10,500 to my P/L and put me back into profit at 13.5p.
So as I said was expecting a Holdings RNS from Tuesday in relation to two big sells at 500k and 319k and over 550k bought in a series of UT buys at four different times during the day, giving the volume over 2m for the first time in a while. We must have opened about 6% down yesterday taking UTs into account and today with a small UT at 12.50 a 2.3% fall on the off SP at the open today. The spread has been pretty large all week and the one time it wasn"t was when the bid was 11.33 and the ask 11.49 and very few trades if any came in at that point.
Becoming more common to receive an RNS daily than not, lets see what today brings, GL