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I suspect buyer (s) are still in the background with MM's order to execute which is why this has dropped further I think

I expect this to bounce back with further momentum

Been looking in to RSI as suggested by Wyndrum and the data shows RSI hitting highs (RSI70) when sp reached 4p and then retreats back (RSI 55) when sp lowers to 3.8. Seems followed a similar pattern when went from 2.4 to 3p and then 3 to 3.5p and today 3.5 to 4p so this this mean continued momentum upwards from TA perspective? @wyndrum- not sure if I read this right. But seems similar pattern over the past 2 weeks; from your experience what's ur interpretation on what this means? Cheers

Congrats Lemming. Milestone. Onwards and upwards for profit.

Thanks wyndrum for the detailed response. Fascinating! I wonder how effective RSI indicator is for small AIM cap companies VS larger cap stocks? or not really much difference?

Wyndrum - what does RSI indicator at 60 mean for further gains? and how do the calculations and analysis come to this conclusion? Interesting thanks for ur technical analysis :).

Right Wyndrum, was a combination of factors but yeh ur right cash pile was one factor acting as a "safety net" to buy time for management to make magic work and when I saw the quality of marketing improve and strategic steps management took ticking boxes towards profitability, in addition, it was pretty obvious the company was oversold by Woodford's brokers at ANY cost. These guys did not care what price they were getting. They were given a task to offload and that's what happened. Which was the reason for buying for me. The benefit of sales from Covid was something I didn't predict and was lucky in that sense caught a bit of the tailwind support.

Not always. Eve is a great example at .80p limited downside risk protected by cash but high prize. Any more like these? :)

Covid related stocks is a bit like a sugar rush.. once it disappears then you're left hanging. Too risky and nervous for my liking. Could go either way pretty significantly.

Note that the RNS buy threshold by Dr was crossed yesterday on 30th July. Seems to me that there is more buying in the background today too.

Great! Absorbs more of the profit takers and creates a strong foundation for further rise as stock supply gets limited.

Good for you. For those lucky enough to buy in at .80p thats a 4x bagger. But currently company is still only valued at around cash levels.. much further to go in terms of valuing the business. Biggest regrets for me in previous investments was selling too early...

The background buyer revealed. Nice! Consolidates stock supplies and profit takers going gone. Expect this to maintain upward trend as demand erode supply.

Gd one Andy. Am I correct Wyndrum that you are more of a psychologist + data scientist, looking at day to day technicals and behaviours in movement following the data, more so than fundamentals? Seems u sense sustained upward trend for Eve Sleep.

Wyndrum, great! wow... where did that 25p come from? Not long the case for buying at 1.2p was the complete opposite and determined. What factors lead to this substantial increase in target.

The tide has shifted.. Buy NT. MM's short on supply now.. may test 3.2 again if no body sells and persistent buys.

wyndrum have u sold out at 3p? Or partly sold.

Taking a breather before rising again.

Background buyer it seems..

With Simba and Emma sleep being acquired by PE companies as of recent. Both competitors also showed strong sales. It wouldn't surprise me if there was interest circling such a prized company like Eve sleep whom are valued very cheaply below cash levels. In addition, I think the mattress industry has been expecting consolidation in this sector for a while. IMO, DYOR