Gap up, igniting over the previous high inflection.
What a shame it was at 1625.
Still, worse things eh?
Oh yes MEE. I like the look of that.
Just checked in on the price and all seems to be going extremely well.
3-4% on a day like today is not to be ignored! Happy weekends all.
As you know I got that one wrong and it hurt!
Raleigh 40p is a round number which I'm sure you know always creates an artificial resistance point, coupled with the precious high in june but it was a while back now so less important. As you know the charts are only guides telling you what the crowd mentality is doing and can only suggest points you may wish to adjust your position, of course it only offers probability that the market may go one way or the other as we all found out a few months ago.
Everyone has to decide on their own target based on the technique they like best be it fundamentals of Ā£7.68 or charts or whatever. But for me on the chart if we hit 50p there is no real resistance until the Ā£1 mark where we shall sit for some time without positive news flow.
And that 8th june resistance was only an intraday high and ages ago. We have broken the opening price which was 38.84 and the close which was 36.80 so for me the reversal continues (although we must expect retraces, often back to previous resistance)
Raleigh, I think you know my take on this....
Bullish divergence on the monthly/double bottom from march 2020 and jan 2009. Favours reversal
Weekly ascending triangle. Favours reversal
Daily we need to see where we close but it really is trying hard push that high from june 8th 2020. Decent volume well over the previous week or two daily average suggests this may break but that's famous last words and rishi might screw us all in half an hour.
Then just pick your target, depends largely how long you wish to hang around but I will let you into a little secret, mine is well well north of 50p, largely because prof recons this is worth Ā£7.68!
Prof. I think it might be the great bull constellation :-)
Good times, long may they continue
Trinid it's all in the charts.
Toby, take a look at the weekly...you may wish to reconsider your target
JPM arent losing out. they will get there shares back at some point. They only leant them out.
Murky you are forgiven.
Either way we are way undervalued and way overdue our rerate.
Let's see if rishi can light the fuse for us.
Kris dont get your hope's up. This is nothing unusual. This is a delayed trade and could equally be sell. Regardless remember there are two sides to every trade...the MMs would have bought/sold conversely to the aggressive side of the trade. I expect all eyes will be on the chancellor today.
Prof. I like those numbers. A whiff of profit and we will be on our good way.
Moving up on the 5min, 30min, hourly, daily and weekly! Just waiting for the monthly to turn around. Hold on tight everyone.
50p? That would be a low ball offer indeed. Not sure many here would vote for that. And most of the iis have 60p+ averages so unlikely they would be voting for that either. I doubt an offer less than 3 figures would gain any traction.
Yes very nice to see. Judging by many of our comments over the weekend I think this might be trying the patience of some of us (myself included) but this will come good and we will get some decent rises once we start pushing through the icebergs.
Lol. So let me get this straight: you will top up if it drops and top up if it goes up. I wonder if you will top up if we remain at 34p? In essence I gather you are topping up. Anyway enough of this nonsense. In the bin :-)
Raleigh, there should be a distinction between 'thinking it will' and wanting it to go lower to get a better entry price. The repeated posts are fairly transparent. There was decent buying pressure when we dipped to the 20 day MA on friday. Off to shoot some arrows with the kids. Enjoy the sunshine.
Why suspicious? What do you mean? The market is just warming up here as the moving averages catch up with previous rises.
Every post you write in one form or another says 'you hate to say it but I think it's going to drop then rocket'. Yet it seems you rather like saying it.
Thanks stockopaedia for recognising the potential here.