Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Patience, the price has nearly doubled in 4 months, the price has consistently closed over all moving averages on the shorter term is id currently on the moving average on the longer term, we have a golden cross and the 200 and 200 are converging at about.01 each a week with .07 to go till conjunction. Pressure definitely building here. Not long to wait
Yes, and price is being supported by the MA50 which is rapidly moving up in .18 region currently. Just a matter of time here
The MA100 and MA200on the short term charts are converging and close to crossing probably in the next two weeks, not usually a major event but could be the trigger technically.
Looks like we could be in for more doji whilst we await an update on one/all of the projects. Not a bad thing as they generally favour a pause in the continuance of the current trend and also this run of doji will be worth10%+ more than the last lot at .165.
The 200 MA should start to level off/rise soon, its always nice to have all the MAs on the rise
Interesting price action today, the drop to .17 looks rather like price dropping to check the 200 MA for a 'kiss goodbye'. There is nothing but bullishness on that chart, price has pressurised the .2 level for over a month now the time is ripe for it to break. Deadline for cyprus update tomorrow. And mank news is mouthwatering. If it was ready for sale 11 years ago I can't see it taking very long now with updated commodity prices.
My view is that with any stocks AIM espically you cannot know suffiecient news/fundamental based information to make decent decsions partlybecause once newsi knownthne it is generally reflected in teh price but also partly because people companies can lie. Pointin case being ODX the covid diagniostic stock,if you went purely on fundamental data at best it would ahve been confusing but at worst you could ahve beleived what the company was saying and got badly burned. Fundamentals are one thing but you need a framework to govern your descion making. and that to me is technical analysis. Looking at other stocks in my watchlist i see precious few looking technically as good as BZT. The golden cross is a massive plus.. many stocks such as the peer junioir miner KOD has excellent fndaentalsa massive mining licence for example but had a Death cross back in Jan, price is trading under all MAs and all MAs are downtrending. BZT is the opposite. Golden cross, price above MAs MAs rising (except 200 which I am sur/hope will follow suit in good time) We are in an uptrend since low of Dec, currently trading at an attractive position for new buyersnear support which has risen now to .17. For all teh guff about Colin Bird and his companies tech ically BZT looks very good. I am confident once .20 is closed over this will fly. That may require one more RNS or it may come about from the market waking up due to technicals or even leaked news who knows/cares.
We have a Golden Cross, which is nice.
Price is breaking out thesmall downtrend from the past week, we just need a close over .20 to seal the deal. There ALOT of reasons to suppose the price will go great guns once .20is broken and held. Best technical set up on AIM I can see currently.
Cyrpus update tomorrow or Thurs accoridng the companies schedule. And a Mank RNS could land any time.
The 'spikes' are cuased by the heard jumping in and out based on word of mouth and spotting what is going up/down by a large percentage. These spikes are evened up using averages which show the general trend of buying or selling.. Since Dec the MAs have all been moving steadly up showing that people have overall been building positions. Ofcourse as you say with Small Caps you can always have a disasterous RNS which will destroy the share price in one hit. But no one generally sees those coming no matter how much research is done.
I thuink in this case the marekt wants more details on cyprus and mank which could come at any time. A golden cross simply stets the stage for the next bull moveto be a big one. Thererae of course no guarentees but the odds are in favour of a decent move up now and that is all you can ask for.
I would highly recommend looking at the short term moving averages all of which are rising..indicationof a bull trend. Then look at the 200 ma especially in relation to the 50ma and see what is occuring there. The market tested a low price of .0165 very extensivly and failed to break it. Yes 0.2 is a significant resistance and will be tough to break but the bulls have slowly and quietly been dominating the trading here since mid Dec. Price is above ALLMAs that is very bullish.