Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Don't think I'd call myself a chartist but do occasionally draw lines on charts. https://www.tradingview.com/x/WfVRPo7g/
Looks like we've broken south of the upward trend that been in place since covid, that happened around the star of July.
THink any drop will slow (or hopefully reverse) in the 140-160 range.
137ish does look to be potential support with 115 being the next one.
I'm in for half my portfolio at 268 though so what do I know?!
In case anyone needs cheering up, 268 average here. Was enjoyable to be in the green for a few days. Long term hold for me. Sure it'll come good in the next few months or couple of years.
Only last week I was thinking, should I sell at a small profit and get back in when it drops again but much easier said than done.
I was under the impression that dividends would be reinstated as soon as possible after the merger is complete. The merger completion is a year away roughly so I wasn't expecting any dividends until 2023.
Regarding the dividend, unless I'm not understanding it correctly, it'll be reinstated as soon as possible after the merger. It looks like the merger is going to take a year at least (they refer to late 2022).
Is that right or am I missing something?
Jtan, I was watching the line closely yesterday too and really happy to see it close clearly over the longterm downtrend. I'm a little more cautious though and wonder if it could still pull back at this point. I've added a new downtrend line since aug which we are still under (ignoring the tails). Also, we could be entering a sideways period of consolidation now between 215 and 245 as we haven't made a new high yet.
Have a look and see what you think - https://www.tradingview.com/x/I9wy3bip/
Maybe I'm being too cautious and over analysing though. Either way, a good break over 245 at this point is the next target I reckon.
I'm familiar with it having read Anna Couling's book on volume price analysis last year. That said, I'm not confident enough to be able to identify it. I'll have a dig into the charts again later though, cheers.
Hi! Long time lurker here and relative newbie to the stock market, but a bit obsessed with charts.
My take is pretty similar to others who have mentioned charts. I too see pretty a pretty clear support zone from 220 down to about 215 as seen here in this daily chart going back to late 2019 - https://www.tradingview.com/x/R33hxujc/
The same support/ resistance goes back years as seen here in this daily chart going back 10 years or so- https://www.tradingview.com/x/JaxlSU1k/
Note the support/resistance in 2011, 2012 and 2013 and the support in 2014 and 2015
This chart shows the clear recent downtrend since around April - https://www.tradingview.com/x/8ztkhVqR/
It's formed a descending triangle with the support.
I've also drawn the uptrend since the covid dip in March 2020.
The uptrend, support and downtrend all are coming together so it looks like it'll have to break out of the current pattern one way or another before mid January. Expect this will be on the news of the stagecoach merger, unless some major new covid news before then.
One worry I have is that there is huge past volume right above where we are (see the yellow/blue bar on the right). Could be difficult (or slow) for the price to get through that. Might find it jumps out of the 220s and then goes sideways in the 230s/240s for some time. Above that though the volume tails off so should be an easier rise beyond the 250s
Like I say, I'm a newbie really, if anyone with more chart experience can give feedback it'd be valuable.
325 strongly rejected by the looks of it