Posted on : 19 Sep 202129 Sep 2021 14:50
Great posts Porky9/Grace. Great to have you have Grace!
The momentum was too strong on Friday.
I say we go through 35p to 40p and then come back to 35p before moving to 50p!
If there is news then all bets are off!
I think 60%-65% chance of a deal before Q&A.
Three Premises of Technical Analysis
There are three premises on which the technical approach is based:
1)Market action discounts everything.
2) Prices move in trends.
3)***History repeats itself. ***
I ) On 27Th April 2020, we moved from 2.5p to 23p = 920%
2) On 10th August 2020, we moved from 8.25p to 73p = 884%
We have started a NEW TREND. We have a higher highs. Confirmed twice. This is not what i think I just reading the charts.
3) On 8th Sep 2021 we started our move from 19p to XX. We need to break 35p to comfirm a breakout.
If we have a 900% move like the past two times then you are looking at £1.80 to £2!
GLA!