We would love to hear your thoughts about our site and services, please take our survey here.
To invalidate the uptrend it needs to break the last low 19.5/20. An uptrend doesn't mean straight up it means it moves within the bull channel which itself has support points which is where price is now.
So syme was a bull trap.
Irr may take a few days but bull trend has been affirmed.
Looks pretty bullish to me. a very interesting chart, you can see price made a perfect head and shoulders (head 25 neck 18.5) pattern implying the start of a bearrun, but rather it started to form an inverse head and shoulders (head 18.5 neck 25) which has brought price back to the neck line (25) of the inverse H&S which is basically the entry point for alot of bull traders.
Tomorrow should be interesting, was watching SYME at close (not invested) lots of buyers have taken the price up to teh resistance line with no convincing beak of last hight so could be a bull trap, will be interesting to find out at open though! Much rather my money was here based on teh charts!
My mistake offical close was 21.4 based on the mid price rather than the last trade.
That confirms it for me, price has broken out I think we will see buyers arriving tomorrow AM.
Same thing happened at ZNWD on Tuesday.
Creeping closer every day.
On technical side note worth watching SYME tomorrow (not a cross ramp but a lesson in tech analysis) its just broken its bear channel but not convincingly broken the last high at close, lots of buys in the last hour but it could all just be a bull trap. Much better when price creeps up to break the last high.
No-one is abusing you. You have been called a clown which is hardly surprising when you try to tell people not to give share price predictions only one post after giving a share price prediction yourself!
" I don't believe the price will jump to 100p tomorrow, 24-26p maybe. "
And with absolutely no way to back it up other than the odd reference to "luck"!
And all from a profile created two weeks ago! Presumably any previous profile has been banned.
Well as your 'opinion' is but your own admission based on luck I would suggest you take your own advice and go and advise somewhere else.
I assume you can see the share price chart. Do you agree that a close over 21 will confirm the resumption of the bull trend and take the price to new highs?
And your profile Baku is only 2 weeks old, what conclusion shall we draw from that?
Talk is cheap
It appears as the bear trend retrace has expired no new low to extend it has closed. A close over 21 will confirm the reumsption of the bull trend. Price is rather in a grey zone currently a close over 21 which it very nearly did today (which is very telling) will signal a bull market a close under 19.5 will signal a bear, but the main trend is bull so I think alot of folk sitting on the sidelines might start to weigh in tomorrow.
Ours is not to wonder why.
Fact is the rise to 24.5 should have been higher at least 30p. Now price is pretty much on support of a very large up channel median line mid 30's and the previous rise didn't even touch it. Being on support could tempt the heard in and any rise is likely to reach median line. However cannot ignore support nor breach of it. Fingers crossed I think znwd is likely to rise after a 2 week retrace, hopefully irr will follow next week.
Snippet says
The tribunal that ruled against Houston-based Frontera Resources in a multibillion-dollar dispute over a Georgian oil and gas block found no evidence that the company had made a discovery or drilled any wells at the site, it has emerged.23 hours ago
The longer term trend is bull but that doesn't help if the current shorter term bear trend doesn't end when it expires. If it closes under 19.8 the shorter term bear trend will extend, I would say as long as it doesn;t close under 19.8 tomorrow we should see a change of sentiment.
Good find. Thanks FM
In the leiu or any news expected or otherwise the Li junior miners seem to be trading quite technically. If this be the case I would expect IRR to lanquish another day at least, if hoerver it hasn;t made a new low under 19.8 by Friday I would expect to see the beartrend expire, it may take a day or two after that to fully resume the bull trend but next week this could be looking alot better.
All provided we don't make a new low (close) under 19.8 by Friday I would say
If this is trading as technically as it seems it will be interesting to see : if/when it closes over last high 21.5 (without making a new low first) I would expect to see the bull trend resume with a sharp price correction upwards (hopefully tomorrow AM if we get the 21.5+ close)
What do you make if this?
https://www.totalhealth.co.uk/blog/cdc-issue-lab-alert-pcr-tests
Implies uk will ditch the pcr testing soon, though they carried on with innova despite fda reject. Also says demand for testing is increasing
Looks like the down trend completed without making a new low (I got the previous low wrong saying it was 18.75 when it was 18.51 which did get touched a few times but not closes on or under). Fingers crossed the up trend can resume next week
Looks to be a technical retrace to me. Triggered by hitting all time high price, its retraced 50% of the last move already and the timing of the downmove seems to suggest it will complete by the end of the week, this means provided it doesn't make any new low (below 18.75) until then the retrace will be complete and the upmove can look to continue.
Thar she blows