Thanks mick. Thats interesting. Really though it matters little what they think good or bad. The only thing that matters is next weeks update, and if Francis has managed to pull one out of the bag to get us closer to profits.
Mick what are the other two metrics?
Good ol' stockpaedia :-)
I thought they upgraded us to something like 'speculative'?
The algos do seem to be on our side this morning.
That's the spirit carl. Everyone has there own targets/risk tolerance and exit accordingly. We are in the early phases of an established up trend now so if there is some manipulation as had been mooted several times on here (and it may be true) then definitely take the opportunity to grab a handful more.
When you say 'big pull back days'...do you mean the retrace of about 5% after the 40% rise?
Carl just relax man. Let the tumbleweed pass you by. We will be on our way again soon enough.
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Evidently. You are not wrong. There are always the conspiracy theorists...MM games etc. Fact is we need to consolidate after a good couple of weeks here. Should see some support at 39-40 if we retrace further.
Oh yes, a typical british spring day :-)
Forgef the mask, will be needing the sou'wester!
Not quite sure why i brought popcorn to the snail racing.. i forget myself and remember i bought an ascending triangle on the weekly.
Will have to find something else to do whilst we wait.
Got my popcorn ;-)
And as you say, very little in our way up to 83/87 :-)
Evidently. 43.3 is the high i have for the day on the 8th june on my IG platform. Having reviewed my drawings on the chart on tradingview; the high is as you state 41.78. In which case you are entirely correct this is a very good news. Glad to see the market entirely disagrees with some of the dubious write ups we have had lately.
Evidently not quite. We need a close over 43.3 to be off to the races on the daily. 42.4 is very promising though as it signals a possible breakout of our hrly triangle which means we could take a run at 43 again. Let's hope it goes to plan tomorrow.
I saw that one last night. it is actually quite funny. Clearly they dont care too much for charts and missed last weeks breakout of the triangle :-)
Good work :-)
Careful using an oscillator now though. Many would propose not overbought until 80 in an uptrend.
Yes raleigh. Rsi was 77 this am. Now sat at 70.6.
Get your fibonacci tools out for the retrace :-)
Have to ignore RSI in a trending market though - this is an oscillator which gives premature signals if trending. Good time to take profits though if not in it for the long haul.
No news LL just taking a bit of a breather.
Gann angles perhaps to determine possible areas of resistance or support is one thing but to use them to define future trends is another. Still, i agree the possibility of a crash is a very real one when all this fiscal stimulus runs out.
Mick, what makes you say the month of May? I dont really buy into cyclical theory but interested as to how one would come up with that date? I would have thought if there was even the remotest certainty of that date then that would have been priced in throughout the market already....the market discounts everything.