A one-day chart pattern where prices sharply reverse, prices open lower and then close higher. So we tested yesterday's lows and held! We want to close above yesterday's closing price. If we turn POSITIVE this is a confirmation that we have a reversal day. To really confirm this we need to take out YESTERDAY'S HIGHS!
We are in CONSOLIDATION. We could be here for few days or few weeks but it all depends on the news.
What do I think? I think we move higher very soon as the MM understand that the news we had was transformational to the company. They would also be noticing that there are MORE BUYERS than sellers below 30p. In the end it's all about supply and demand. The reason for consolidation is to allow anyone who bought at or below 20p to sell here (23p TO 28p) and to pick up new buyers above 23p to 28p. These new buyers will be looking to sell at the next consolidation zone.
kidsandcastles....all priced in. When the RNS comes out the market then adjusts accordingly. The rest is just formality and the market will not react to it. As this is a private placing the new shareholder will not be looking to flood the market once they make +10% or 120% gains. This is AGAIN very positive for the current shareholders.
What do you want Suzy to say? She can NOT NOT comment on the email. I said it before these are PRIVATE emails from an EXTERNAL company. This is something we all have to make a intelligent judgement on. Do you think this is not embarrassing for AZ if this is leaked? Do you think the people who's names are on the email would be happy when their colleagues read about it?
Think intelligently..... Definitely if this was a fraud then police will be involved as the people on the email are real. AZ will NOT wait and let anyone use their employees name fraudulently. If someone used your or my name to do this we will not report this to police or HR.
I rest my case!
I have considerable holding in VAL and i dont sell or buy on any emails.
Im waiting for an official news via RNS signed off my Dr Suzy and Co!
We are in CONSOLIDATION. We could be here for few days or few weeks but it all depends on the news.
What do I think? I think we move higher very soon as the MM understand that the news we had was transformational to the company. They would also be noticing that there are MORE BUYERS than sellers below 30p. In the end it's all about supply and demand. The reason for consolidation is to allow anyone who bought at or below 20p to sell here (23p TO 28p) and to pick up new buyers above 23p to 28p. These new buyers will be looking to sell at the next consolidation zone.
We were stuck in a channel for months and then we broke away on the what i call a TRANSFORMATIONAL news. Yes, we do have a GAP and this is called a "BREAKAWAY GAP or RUNAWAY GAP" . These gaps happen when a old trend is broken and a new trend starts. With FAR this is gap is very bullish and these gaps do not get filled. NO! THEY DO NOT GET FILLED.
So ever is posting rubbish here does not understand gaps. He thinks all the gaps are the same. This normally happens when you do not have experience/knowledge in TA.
Everyone google "runaway gap" or read the link below.
I will not go and wait outside for hours to get in to IKEA or other stores! Online is the way forward until we have treatments and vaccines that works on all the variants!