Member Info for DarrenBuffer

Weekly 200ma right here acting as resistance. Got the recent 145 inflection level (tweezer top on the daily candles) to get through. Momentum on the macd good for bulls but 4hr rsi is now overbought. Daily pivot R3 is also right here so I think, for today at least, this is as high as it goes. Inflections at 150 and 160. But then I'd argue it's quite clear until 200. I think right here at this 145-50 level is a big test for this. Personally....I think it's a short, back to 130 or maybe even the gap close lower. Good luck.

Yeah...I shouldn't have gone back in long here. Mistake.

The price action is pretty grim now and the charts are worse. So now, longs are entirely reliant on some more good news tbh. If we get a bounce back to my entry, I'll take off b/e and walk away from this. It's too dangerous to short, as the upside on good news is obvious, but....it's not a long. I messed up going back in. Should have just taken profits and left the chart.

I would expect a bounce down at 20-22 but I can't really find much support on the charts that tempt me until retest low tbh.

good luck all

Gone long 32.6. Medium sized. Tp 37.

Hi guys, I took my smaller long off for nice profit at 38 last week and am weighing up an entry here at 34.6.

Big test for the 1hr macd which is heading back down to 0 - I will watch that and see if it bounces and enter a long.

There is clearly still short interest here which means that the big boys either know something we don't or see something in the accounts that we don't.

Has there been any director buying down at these levels? If not, and there's no good reason for that, then I'd be very wary about big longs here .

Hi guys. I've gone long again here but in smaller size. One to hold for a while hopefully. The market obviously still has issues with PFC even at these low levels but I think technically we should still push for 40pish.

Hi guys. Just a quick update from me. I'm all out this morning at 35 for a good profit. I'm overall happy with it as it's substantial but a little annoyed to have got the initial entry so wrong. Not good trading and was stressful being quite so underwater.

Anyway - all ended well.

I'm sure it can go higher so I'll be back in if it pulls back to 30 again but otherwise good luck everyone - hope it goes to 70.

From my perspective, the hourly chart is firming upand should soon offer support. The daily 50 is at 39ish so that's the first real test for bulls. After that, I'd say probably 45 then 51 as things currently stand.

Lost count of how many times I've had to say this over various accounts in my time here but.... you have no idea what's a sell and what's a buy going on LSE data. None. Just worry about the share price IMO.

It's a shame it couldn't hold above the 20p level. I think the move back down to retest the low is looking most likely now.

Doesn't really make much difference because so much is riding on the 20th tbh. It doesn't matter if it's at 15p or 25p when we get news, it just matters what they say.

Bad news and it goes to single figures, good news and it probably doubles.

It's become a pretty binary play. I've cut some size at a loss in the 21's but still long.

I so nearly closed my long at 20 last week... Literally hovered over the close button. Instead I added at 15 and so now my avg is 26. That RNS wasn't all great news and as someone has said below, the cash issues obviously leaked hence the drop. Is it really deserving of SUCH a big drop? I don't think so. The mcap is almost ridiculously low imo now.

We now have 1 minute and 5 minute support and the 15 minute chart isn't too far from turning around and becoming positive so if it can stay in this range for a while longer, technically, this starts to firm up.

I said last week that price never stays away from the 1hr 50 too long and it's tagged it this morning but unfortunately, its come down very low.

My TP is the 1hr 200 which is up around 38 for now. I think it COULD get there without any further news but equally, there is a bit of me that thinks we may see a pullback first. This needs more good news tbh.

I've put a stop on my 15 long at 20 so at least I'll make some money there and will add again around the 15 area if we see it pullback. Good luck.

Ha! Well there's no certainty in investing/trading mate.

Those are levels where price will meet resistance if it DOES go back up. That's all I can tell you.

Lots of indicators are flashing oversold so all things being equal, it will turn around soon. BUT, all that is entirely irrelevant if there is a good reason why the big boys are selling and continue to do so. But that is an unknown so....all we've got is fundamental research and our opinions based on that AND TA. That's all we've got mate.

Also, the 4hr 200 (always an important MA) traded flat for a while but we've moved a long way south of it. That would be an absolute cracker of a TP but we'd need a big turnaround. No reason why, with the right news, it doesn't see that in relatively short time. Which is why I'm playing this. But I'm just very conscious that this is turning into a slaughter with no support and that concerns me. So it might be that I just take off at b/e if I see it.....

Hi Jonny,

When swinging like this, I'm looking for markers on higher time frames, so 1hr-daily.

For me, price doesn't stay away from the 1hr 50ma for very long, usually. On any instrument. So, I would see whenever that hits as a target. It's coming down relatively quickly right now so it's a concern. The 1hr 200 is another potential TP - right now that's around 42 but again, coming down quite steeply. That will act as resistance on any move up which is why I'd see it as a (moving) target.

If you look at the 4hr chart, the 4hr 50ma has actually held price down now since early Oct so a retest of that would be a good target on a bounce.

For me, I would expect to see a bounce to 33ish minimum in the short term IF there's any kind of good news or the selling dries up. above that, 40ish seems a good TP2. So it depends how brave I'm feeling. Hope helpful.

Also: I wish I was short! What a cracking short it's been! But it wasn't on my watchlist.

I mean....look at the chart and tell me where what I said was wrong mate? I'm long here. I think it's a great potential bounce play because if there ISN'T any bad news coming, then it is oversold to b**gery. But what I'm beginning to think, now that there is absolutely no sign of a bounce anywhere (although it did bounce of daily S2 this morning), that it's because there are people in the know dumping. That's all I'm saying.

Even a dead cat bounce could see 40 here which is why I'm taking the risk. But I'm just challenging those on here who think this is just manipulation which is just the classic LSE response to any share going down.

As is 'YoURe a sHorTer DErampInG'. which is just silliness.

Hi guys. Long time no posting from me. I have been focussing on day trading indices rather than single stocks.

I have a history with PFC and saw the huge drop and decided, foolishly, to have a crack long via a big spreadbet from 28.

I'm still holding and badly down and will have to cut sub 20 and take it on the chin.

For what it's worth, the chart is abysmal here with no support anywhere. It's blowing through significant pivot levels as if they're not there. Same with fibs. The macd is just woeful. Stoch and rsi are signalling oversold on all TFs but...it's been that way for a while and RSI is only useful, really, with trend tbh.

When this happens, and TA is entirely ignored, it's a sign, usually, that there is some very worrying news out there that is not yet public knowledge.

Short squeeze can account for some of this downward pressure but you're kidding yourself if you just cry 'manipulation!!!' - it's not. There is something bad out there, no doubt. This isn't an AIM stock. This is a significant company that is getting absolutely blasted.

I would expect something like bankruptcy news or something similar to come out in the coming days tbh.

Might be wrong, but this is a serious, serious move that just can't be explained by the stuff that some of you on here arte suggesting.

LOL - no one WANTS this low. The problem is that nobody wants to buy this EVEN THOUGH IT'S SO LOW.

It's a dog. Cut your losses before it starts with a 0 and a .

This is an AIM miner so....chances are it'll end in tears. They usually do! Always have an amazing prospect, prove they can't run it and then it gets sold to someone who can. Same old same old.

Said this a few months ago: "Copper is going to come off as we move deeper and deeper into a global recession. This could easily see teens again before long imo. Never ever think 'this is as low as it can go' with aim shares - cardinal sin."

Since then copper has dropped 20% and this is now 8.....

I got roundly derided because...that's what these boards do. Full of ignorant, emotional traders who don't know what they're doing who are effectively gambling.

Get out of this and stay out imo.

.

Remember about two months ago I said that the global markets would sell off and copper would come under pressure knocking this back into low 20s and probably high teens? And remember a bunch of know-nothings said I was wrong and a de-ramper etc.

I think it's very important for everyone investing in these kinds of companies to have a basic grounding on macro economics and understand the wider markets.

Good luck here but there is more downside coming.

Ftse will bounce but come June it'll be sub 7k I think and we'll see teens here.