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Reality?
Ftse100 down 10%
Micex down 100%
Three doji is rare, I count 6 on our chart.
https://www.investopedia.com/terms/t/tri-star.asp
I am optimistic the downtrend will reverse
Not a pleasant week, glad its over. The short and medium down moves have expired with no new low. This is a bullish sign and a new week could come with new sentiment, price is very attractive, could yet see a spike down which could be the trigger for the longer term bull move to resume. News certainly could come anytime and has always been good recently. Top of channel now around .26 so could see new high even around. 3
The Russians have got less money than we have now. Thier stock market once valued at 650 billion $, currently $0, if when it opened it will prob only ever be worth 10% of what it was while putin is in power. That will be a burning thought of any Russian investors or share holders. The country has currently no future with putin. My message to putin would be, just because you are paranoid, don't mean there are not after you.
I agree the lack of interest is likely due to much more volatility on other more geopolitical stocks at the moment. But this is quite a nice safe jurisdiction stock and u think profits will well be stuffed here when sactionung has calmed down which bus already occurring ie oil and gas.
Technically this has retraced to it ma100 support and rsi is approaching buy levels. At worst there could be a spike down toward the end of the week, but I think this this would trigger heavy bargain hunter buying, that plus the possibility of news anytime makes the target of the ma200 at only .178 quite achievable now, once that is broken it will open a new chapter and it could get crazy quickly
The mud of the Ukraine starting to look like one big bear trap. Dreadful for the Ukrainians but they were always on the front line and always would be will Putin clings onto power. The west clearly going for the jugular now russia slipping back to the poverty of the 90's. We have seen the bravery and grit of the Ukrainians or friends, now let's see what the Russians are made of, are that a slave people enthralled by whatever diminutive dictator holds the perfume bottle at the time or can they forge thoer own brighter destiny. This are the times history is made off. Long live Ukraine
Also retraced the fibonaci 61.8% from the low on the Deb 8th (0.11/.12) to the high 8th Frrb (.2/.021) so there is alot making this look like a low risk high value entry point, just need to wait for the spark that ignites it which is not far off I think
I think we are here (on support /sma100) for the rest of the week, short term down trend started 3 weeks ago and we are half way through the last part of it which should take us to the end of the week hopefully without a new low, at that point the longer term uptrend which started in Oct should see us rising again.. median lien being around .20 and the uper resistance line being at .26. Clerlynews could come at any time and this would be the catalyst. W orth noting the sma 200/50 are only .015 away from each other and converging but about .005 a week and the sma200/100 are 0.025 away from each other converging and moving at a similar pace so in summary I expect a sluggish week but after that things could get more exciting.
Price tested the MA200 line(.195 at teh time) and failed and went to retrace back to support where it tested MA100 at .15 yesterdya it has bounced stronlgy from that, broken out of the downtrend and smahsedthrough the MA200 at .184.
Looking very strong from here, golden cross is not far off .
Micex down 30%
Back to the 1930's
Still worth remembering a minor golden cross of the 50 and 100 man's occurred a week ago. A rough estimate of the trajectories if the 100 and 200 ma's suggests a major golden cross in the next two months. This will be on alot of radars now.
And 50 sma breaking thru 100 sma not going to go unnoticed with the technical crowd. Very hard to predict the next move as 200 sma is now the only thing holding price back around .19-.20, price has never broken 200sma so would be a paradigm shift. This companies day has been long time coming but it might not be long now.
.17 looking like good support so 20% increase from last week when .14 was support, all looking good to break .20 on next set of news. Lots of faith in CB, has experience and enthusiasm for projects. Global economy moving toward commodity surge.
Two weeks ago I posted.
EkXoc
Posted in: BZT
Posts: 1,016
Price: 0.15
No Opinion
Price27 Jan 2022 10:08
The price hit the place where it has formed a sideways channel around the 8th Oct, a low of 12p close was acheived on the 8th Dec since then the price has been moving sideways but up forming a W, the timing of the price action suggests that the price could well move up into the ascending end of the W now and that we are in the last 2 weeks (till 8th Feb) of this pattern,certainly news is due which could provide thefundamental push for this. The asccending final part of the W appears to have a bottom of around 14 and price can and currently is hitting that but I think 2 more weeks and we will see it move away finally.