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Blubay, you read that incorrectly... Charts are lagging indicators. They are just visual representations of what is occurring in a market.
We private investors ALWAYS find out about things Last. Always gave, always will. If we see curious price action, or breaks of trend, etc, then it could very well indicate that someone knows something and is moving in the market. Or, it could be that someone just wants to move the market in order to make it look like somethings happened. But, either way, we find out last. You're in the wrong game if you believe otherwise.
https://www.tradingview.com/x/GuGx5SOX/
Blue dashed line is the one I think you're referring to @SteadyDanny, it accommodates the max prices on 29th/30th Apr.
Below that, the yellow dotted line is a firmer upper trend line, and below that, the green dotted line is kind of the average line of regression (not quite least squares / line of best fit).
This is the rough channel the price action is following - for now. However, the bull penant, IF it is validated, will mark the start of a new trend higher. Or lower.
But, I'm confident in it being higher ;)
Another day down and it's subsequent chart. It's getting tight now but the trend is still correct. Just three more days and the trend ends (with a bang I'm guessing).
https://www.tradingview.com/x/ErmOYDEl/
Once again Blubay you are correct.
Just going to reiterate here that I'm not suggesting anything, simply that I found it interesting that all these photos are from this one exact location, or at least are tagged with these co-ordinates.
Correct, though I wasn't suggesting it was. Just that the photos all stem from this one location. So whether it is where they are all camped out due to a local village nearby, and therefore possible amenities, or if it's just where they were uploaded from, I dunno. Just thought it was interesting.
or better yet https://www.google.co.uk/maps/@-8.2196622,32.0502866,1371m/data=!3m1!1e3
..from the fretting and worrying going on here.
If you follow this link (Google maps) https://www.google.co.uk/maps/@-8.2196622,32.0502866,1371m/data=!3m1!1e3
and open up the little "explore" box you'll notice that there are lots of photo's of the Helium One campsite all pointing to one particular location.
Not sure if anyone else has seen this, or really that it's even important, but I found it interesting :)
Posting last weeks chart again with today's price action. Still nothing much to report, steady as she goes, although, you can see that the price range is narrowing considerably now. Not long now until a major move.
https://www.tradingview.com/x/yl4jLRAV/
SteadyDanny, thanks for that :)
Well, when sells are being bought up at a quick clip it indicates that the market for those shares is very positive, i.e. buyers want them, a lot.
If there's lots of sellers, but no one willing to buy, that's typically a bad sign and suggesta there's a reason no one wants them. Maybe price is too high, or maybe bad news pending.
I watch for volume more than anything though.
When there is low volume, as we've had this week, mostly, then it often signals buyers and sellers are playing a waiting game looking for pending news from which to move off of.
When volume starts picking up we can see that an event has taken place or news is imminent.
At the moment we are in a low vol period (though that'll probs be over next week), but the good thing is that the buys and sells are well matched and fairly flat which is a nice neutral place to be and shows that everyone is on the same page, waiting for the drill.
Aaaaaaand, before anyone jumps in. No, I don't doubt that HE1 can reach or exceed £1 per share (hence I am in, probably for many years all being well), but the idea we can overlay DME's share price rise on top of HE1 and come up with any meaningful prediction, or that HE1 could be worth 3x, 4x, 5x the value of a similar company upon a handful of successful drill's is mental.
No real surprises this week, nice and steady as the chart shows. Next week will be make or break. I really hope for 'make'!
https://www.tradingview.com/x/X9Qtr0DQ/
Also, I noticed a couple hours ago or so someone posting data from DME's last few months, as if it was some kind of prediction. I know we all hope for success here, but that post was bat sh** crazy.
DME has been a great success, but they only have 70.26M shares issued, and currently (even after the successes) a $297.91M market cap.
HE1 have 614M shares issued, and pre-drill, pre-appraisal, pre-production, pre-ANTHING market cap of £130M.
To put that in perspective, if we reach £1 per share, HE1 will have a mcap of £614M. That would be just short of 3x the value of DME as they currently stand.
Let's be optimistic, this could be an incredible success. But, let's also be real.
There's really nothing out of the ordinary about the stock price today, or this week. Again, the chart I'm posting daily paints the same picture, whilst we are all waiting for news or an event buyers and sellers are reducing in volume and the price is steading within a tight range, this is nothing short of standard.
It'll be another low vol, boring day today, and the fun and games begin next week.
MM20, if you notice on the chart the price action is narrowing day by day, and there is a pinch point coming up soon if the market for this stock follows it's existing trend. Pinch points such as this indicate that buyers and sellers have greatly reduced in volume and essentially waiting for some news, or events, that will begin a high volume move.
The pinch point here is between the 9th and 11th, next week, and because this is all coming off of a strong bull run 4-5weeks ago there is a high likelihood this will result in an abrupt upside movement.
This coincides perfectly with what we know off the expected drill date, and the high chance of helium discovery.
The chart is a visual way of seeing what we've all been talking about and hoping for on this BB.
https://www.tradingview.com/x/e1CIAU8Z/
That'll teach me to post charts from my phone :-|