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Hi Jeffery
No worries.
trading view is a good website for charting tools (and free).
You can pull cap-xx up and apply some indicators. I'm using 200ema, 50ema & 20ema.
Look at the higher time frames, 12month, monthly, 2weekly, weekly etc. and you'll start to see the numbers I'm talking about.
pullback = healthy
Green Energy / Crypto - completely different things. It's a massive pie guys not one or the other!
Perfectly normal to pull back to support - may go a little deeper may shoot up from here. Don't get caught up in the micro movements :)
Jeffery
14.5p is the yearly close from the last bull run
10.5p is the 2 week 200ma and I have support around there.
I’m not trading as this share has a tendency to fly up due to low liquidity.
However it needs more stream to break through 14.5 and most likely go on to print new highs.
Best of luck.
P.s techie you’re a piece of crap mate. Absolute low life.
Just came across something on Twitter re worse performing shares over a 5 year period
Lsai is the worse performing, combined with another 70% down this last year.
This is quite literally the worse (or one of the worse) shares on AIM.
Wtf is Mark Slade & the BoD doing - need to come out from under the rock and give us some answers
Awesome post Draft. Really insightful post about STAR there. I would give you a recommendation but I can see you already have one.
IoT isn't a new concept, it's been around for years. The combination of IoT, edge computing and AI is exciting. Big data plays.
It's not so much the tracking of cargo that is unique, but the ability to understand where efficiencies can be identified etc. There was a use case here for African truckers to identify areas for fuel efficiency, for example.
How about we all stop posting nonsense? Time to get the board back to a decent place?
Capitulation.
3rd highest daily volume of the year. 4th highest daily volume since May 2019.
Get it up on the chart riddler boy.
Numbers do not matter- capitulation matters vs the rest of the market. 8m volume is very high for Star.
The Brexit deal may have caused people to re-enter though so it may be an anomaly, AIM has had a good day all round.
Potentially good news. It's pretty fickle though. Needs an official note to confirm if it has won anything substantial related to covid... It's a short term pump unless it translates into anything tangible.
Going back to my post the other day - what is Star's strategy here? What is the end game? Where is the BoD pushing?
Why can't Myles be mentioned - ofc the company needs good investors and hopefully institutions behind it? The loan is a lifeline..
Hope everyone had a good Xmas - unsurprising we saw some of the worms come out today after a good rise. People will naturally want to scalp short after a large move. If you really can't handle a 10-20% dip from here (which is very natural and healthy) maybe selling is best, but you will miss the next leg up, get a poor entry, then most likely chew into your profits even more etc.
Anyway, abit of technical analysis as we move up:
- We're now above every moving average on all timeframes. Most recently we've moved across the 200ema on the 2week timeframes around 10.5p. At the same time I also have a support zone at 10.8p to 9.9p, as well as that moving average. If we're going to have a healthy re-trace I'd expect it to around that level.
- We've now broken pretty clean above that key area around the 10p area (discussed more below), last bullrun highs at 17p are well within reach and would be the next logical short-te
rm target area.
- The yearly candles (yes, a 12month candle chart) closed at the last bullrun around 14.5p, creating a resistance area. We tested that today and it is healthy to cool off - it will most likely need to accumulate and build more pressure before breaking. This is actually why a little pullback may be healthy to attract new buyers waiting for an entry to push through the big level and kick off the next large move up. At the same time, MM's being caught out and people being unable to buy also shows the share is illiquid and this may also cause a big spike through this area to attract sellers, which is the job of the MM's.
Obviously, we're quickly approaching the close of the year, so a push and close this week through that area would be mega bullish. Personally, I'd much rather prefer seeing a slow build-up rather than a burst of volume followed by a dump - so my preference would be some sideways movement this week and perhaps a modest break up above 15p's to close the year out.
Fundamentally, the writing is quite literally on the wall around the companies prospects in 2021 - we know where the short-term prospects of the company are heading and that makes for confidence and certainty. What I think we're seeing here is a steady accumulation from institutional and retail investors alike.
I'm not going to put a price target alongside this post but the past 5years+ of work is about to be realised -- AK & the BOD granted their share options as they know this - and i'm sure AK will want a much higher valuation to make his relatively small holding worthy of a lifetimes worth of work. Don't get caught up in short term moves and focus on the bigger picture.
GLA
Disgraceful from you techie.
If you're short you're short but coming on and attempting to spook new investors is pathetic. Shows how concerned you are about your position and desperate to cover losses.
I guess your short is way underwater as you've been shouting for a short since 4p.
Hey, there is plenty of information in the RNS’s & Allenby updates. The business operates B2B in a highly technical world there so isn’t a great deal of marketing collateral sitting around. Make sure you do your own research.
Whilst it’s not been the year most imagined at the start of 2020, hope everyone has made the most of it. Cap-xx has.
Looking forward to 2021 here.
Have a good one, even you OS (try not to put a negative spin on any presents given to you).
Come back to the board and the share is down another 7%
Draft is still positing drivel
Where is the progress? Deals? New products?
The company has been thrown a lifeline and so far I’ve seen zero fight from the BOD. Genuinely, what is actually happening with this company?