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Trades 97
Vol. Sold 355,049
Sold Value £55,338.11
Vol. Bought 716,971
Bought Value £113,024.74

BUY/SELL 2:1

Isn’t it obvious what’s going on here .. the smart ones are loading up on the cheap while they can before the inevitable sp bounce

Oh sorry about that , I put the total number of share purchased in the calculator app and it gave me that number for some strange reason ha

Someone paid over 100% of the company’s current MCap to exercise their warrants!!

MCap £6m
What Lindor Martin just paid £8,297,719

This must mean something…..

pablo2, I don’t think we have another seller. Today’s traded volumes was only 10% of yesterday’s overall volume & it very likely came from bored day traders were looking for fast sp bounce back to 20s and when it didn’t happen they cashed out.

I’m expecting a very blue day tomorrow.

Know0, the company just confirmed the seller. It was Sebastian Marr, he cashed out:

https://www.lse.co.uk/rns/ECHO/holdings-in-company-hvjoh4tcz7x3qqf.html

We should see sp recovery tomorrow.

I think the II seller is out, no meaningful volumes were traded since the opening , more of board day traders selling:

# Trades 87

Vol. Sold 29,486,571
Sold Value £42,299.48

Vol. Bought 30,344,357
Bought Value £44,554.43

The share price should climb back up shortly.

RSI is 2.89% on the tech daily chart, never saw anything like this before ........

[The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70% and oversold when below 30%]

The share price should see a technical bounce from this level, Daily RSI is VERY oversold: 3.5% !
[RSI is considered overbought when above 70 and oversold when below 30]

News from two months ago............

Thanks mate!

Mark, where did you get your electricity wholesale prices from please?

Nice chunky buys just gone through, it looks like a shorter has covered:

09-Dec-22 13:33:50 90.531 2,746 Buy* 89.92 90.86 £2,486 O
09-Dec-22 13:33:24 91.02 2,000,000 Unknown* 89.92 90.86 £2m O
09-Dec-22 13:33:23 91.02 2,000,000 Unknown* 89.92 90.86 £2m O
09-Dec-22 13:31:16 90.48 10,226 Buy* 89.92 91.04 £9,252

Definitely , I think we’ll see steady recovery from here

# Trades 226

Vol. Sold 277,873
Sold Value £47,783.86

Vol. Bought 2,069,369
Bought Value £357,745.21

I just topped up, the BID looks solid and the technical chart trends are curling back up from the (heavily) oversold zone .. It look like tide has turned

"Never sell on weak early morning trades."

I very much agree:

# Trades 45

Vol. Sold 106,897
Sold Value £19,021.88

Vol. Bought 280,532
Bought Value £48,480.78

The share price is dropping on very low volume, it should bounce back up fast shortly:

IGAS Change (-8.60%))

# Trades 29

Vol. Sold 101,040
Sold Value £18,021.80

Vol. Bought 67,442
Bought Value £11,654.31

Looking at L2 , it looks like the tide is about to turn. currently only a small vol left on the ASK under 18.65 then back to just below 20

Why the sudden sp drop?

A nice chunky buy just popped up from an hour ago:

12:50:19 30.8584 139,975 £43.19k