Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Heres a well structured article for anybody new here who wants an overview.
https://www.mining-technology.com/projects/songwe-hill-rare-earths-project-malawi-east-africa/
I'm equally intrigued by the director buys ceasing. It does seem strange!
Would concur. Next resistance level around 840. Hopefully a nice rise if the big seller doesn't resume!
It *should* have now bounced off the fib level and it's very good value at this price. If the relentless selling has ceased, there's a strong probability we'll be on the up shortly. Lets hope they're not offloading the rest of their position.
There doesn't seem to be any shortage of buyers who are keen at this level, but the trades are too small to support this share price with the endless large chunks being sold.
Level5, your post from a couple of days ago has aged well. You called it well regarding the big seller in the background.
We need them to finish their selling for this to move up. It's heavily oversold because of them and will have peaked the interest of both longer term holders and traders alike.
The obvious question is whether they will offload their remaining shares. We will have to wait and see, but when they're done I wouldn't be surprised to see a rally into the 800s.
Joking aside though, it does look like the bottom is in now so I've taken some. It was already undervalued and there seems to be some support at this level.
1998 called, it wants it's chart back
You should upgrade to Windows XP soon?
Further to Strikes excellent post, the prices of flights at the moment are eye watering. I've been trying to find a cheap trip to anywhere and there's just nothing available for good prices until after the school holidays.
In the past Ive always found there's deals to be had if you're flexible on where you go and the flight times - at the moment there's simply nothing available at all.
I'm pretty sure all the bad news is priced in here. The doom mongering about winter being bad for airlines is equally ridiculous - yes it's a less profitable time of year but it's the same every single year and is therefore priced into the share price also.
It's difficult to know whether they're buys or sells. My own trades are often labelled incorrectly. If the trade price is above the mid point it's labelled a buy, if it's below it's labelled a sell. LSE doesn't actually know what the trades are and therefore the labels are often incorrect - even more so when there's high volatility.
Of course buyers could be setting limit orders etc also so that's another factor.
Ultimately any buying around these levels should yield a good return later this year so that sounds like a perfectly good plan to me!
My usual strategy is a core holding and also a pot for swing trading. Like yourself I will accumulate shares, but to the trading pot when I feel the time is right. These will be sold, usually around 10% up if all has gone well. Quite often this can be repeated several times and yields as much gain as the core holding over the same period of time.
I very rarely take short positions and will normally just trade shares by taking long positions in companies I understand and actually want to own shares in, so that if it goes wrong I'm not stuck owning something I don't want.
Well that depends on where people bought in. Plus retail traders capitulate pretty quickly when a share price falls.
Furthermore, the nature of AIM shares is they're full of retail traders who tend to sell up during periods of no news and share price growth.
Then you've got another group of people (which is my category) who believe in a share but welcome an opportunity to sell their shares and buy them back for less.
Share price drops slowly during to impatient traders, technical support gives way creating a drop which is exaggerated by panic selling, reversal takes place once a support level holds. That's one way this might play out.
Equally, it could just continue to bounce around the 100 to 120 range as it's been doing recently.
IMO, it really depends on whether this level holds, what happens in the immediate future (probably nothing), and what happens in the wider markets.
No doubt an unpopular opinion but the chart looks a bit sketchy at the moment I would have to say. It needs to hold at this support level, otherwise there's a nasty gap downwards. Wider market looking fairly strong in light of the Government turmoil, though so hopefully be okay.
If this falls another penny or two, I think it goes to 90 fairly quickly. But there isn't strong support until about 75.
Need something positive to happen and give it a nudge back up into it's recent trading range.
It just looks at the price and whether it is closer to the bid or the offer at that moment in time. It doesn't actually know what's a buy and what's a sell - so that can't be relied upon, especially during times of high volatility. Don't worry about it, it's nothing suspicious and the BB myth that it's 'MMs playing games etc etc' is nonsense.
Markets are often irrational in the short term, however they are generally rational in the long term. AIM is especially bad as it's full of impatient retail traders looking for fast gains - which often leads to gradual erosion of a share price over time even if things are going well. There's also not enough volume to make this share move significantly.
I flew from Gatwick to Edinburgh return with EasyJet last week. Both flights were at least 90% full. The departure board at Gatwick was a sea of orange as almost every flight on there was operated by EasyJet. There weren't any cancellations showing when I was travelling in either direction, which surprised me as I expected to see some.
The departure lounge at Gatwick was unbelievably busy. I wanted a coffee but the queues were so long everywhere that I didn't bother.
We're at the mercy of the poor overall performance of the markets and abundance of bad airline press, so the fall in share price doesn't surprise me. However, the appetite to fly is clearly significant. I've gone through Gatwick dozens of times and never seen it so full.
Wouldn't want to call the bottom on this yet, but I'll continue to accumulate at these cheap prices with a view to holding into summer of next year.
There's a complete disconnect but markets are not always logical in the short term. EZJ have suffered a lot of bad press recently due to flight cancellations, as have other airlines. Whilst some of it is EZJ fault, a lot of this is to do with problems at the airports, with Air Traffic Controllers and other third parties. Nevertheless, flight cancellations and airline bashing make for good headlines at this time of year.
The wider market is quite weak at the moment, EZJ is on a downtrend and sentiment is poor. It's fundamentally undervalued at this level, though. At 500 it was a bargain, at sub 400 it's as close to free money as you can get in the stock market IMO.
I think there's a strong possibly of continued bad press over the summer holidays which will suppress the share price. I'm intending to hold this into the spring or maybe summer of next year. I don't see this back at 2019 levels any time soon, but when it turns I think we could see 800 in fairly short order! 100 percent upside from the current price IMO, but continued volatility through the summer holidays no doubt.
We need to get through July/August and see a trading update on the other side and then it should be very positive thereafter I hope.