RE: Commodities are getting back in fashion9 Dec 2020 19:32
@bearishlybullish
"Simple fact is that technical analysis says we are about to break out; fundamentals say that we are undervalued. expected news flow will be seriously bullish. In short all the indicators, regardless of whether you believe in all of them, are pointing the same way."
You mean like every time the charts say 'breakout' in the past 12 months. Poor Ophidian ended up getting a lot of very unfair abuse trying to show elliots waves. All indicators in probability or likelyhood or call it what you will. They prophesy nothing. .... There a lot of reasons we are not only due a significant upswing, and even more reasons that they can be held back - just pointing out that if charting worked Rodders, we would all be millionaires.... but hey ... each to there own.
Why post .. newbies beware .. always make your choices for reasons you see - the market loves a herd after all. Nice rise today and probably more tomorrow and friday, but been here 3 times in 3 months ... until we really break out of the trading range and head north of 20, we are just still in this trading range. Why would the price re-rate north. Lots more buyers piling in or the MM's sense that and allow a momentum to suck them in - only the paradigm changes this - ie, something significant in BE or news of leaving AIM.
Otherwise .. just sit back and wait ... a 50-60% increase in production, reduction in costs and 3-4x increase in profit over the next couple of years .. all capitalise and in flow... this company has such a low investment risk at this point
Not having a go at anyone's beliefs of methods, just pointing out charting is not far off astrology for actual scientific basis