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the neckline on the head and shoulders pattern has been broken today on increased volume
IMO

Excellent summary AlexE. Accumulation takes place within a trading range, and NCCL SP has been ranging between 4.6 to 9.5 pence since February.

Having read your other comments on INFA, which are all of a very negative nature; I find it strange you are still invested, especially given your stated belief that the share price will fall further.

I believe INFA is NOT relying on EU funding for its project. I also believe, from my research that INFA’s activities will be compliant with any environmental requirements.
IMHO

Today’s price rise was on a much lower volume than that of late May/ early June and of earlier this month. Could this be the forming of a head and shoulders top?

"but opinions often are." Jesse Livermore

I’m at a loss why this RNS should be looked on so negatively. There’s a problem with a water zone at the well. The company has sourced equipment to deal with this problem. Hopefully this will fix the problem and oil will flow. And with that a recovery in the sp.
All IMHO of course. GLA

I suspect, given this is at an all time low, lots of holders are in the red (as am I) with this. So I myself have the option to take a 50% hit, or wait and see. I invested on the fundamentals of the potential of the company. So I shall wait and see.

What would the next piece of news be expected to consist of?

When the sp is down its despair. When the sp rises its euphoria. It makes me think people don’t have confidence in their own decision making. I’m no oil expert but I’m sure drilling for oil is a complex process that takes time. imho

some poster speculating as to the cause of rapid changes in the sp. the name escapes me.

Someone said that there was a 'leak' that cause the hike in the sp a while back.