The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I just posted this in response to another thread, but thought it might be of interest to some, so decided to create a thread for it.
Feel free to correct my if I'm wrong.
Having taken a look at todays trading chart (candlestick view), based on my understanding of technical analysis, it seems today's movements found our new resistance level. Effectively, what this means, is that we are unlikely to see a share price of lower than about 15.85p in the near future.
Below I've cited all the significant trade lows of the day, starting with the first significant trade low at 12:57.
12:57 trade low at 15.60
12:58 trade low at 15.51
13:00 trade low at 15.83
13:53 trade low at 15.86
13:59 trade low at 15.85
14:07 trade low at 15.86
14:12 trade low at 15.85
14:14 trade low at 15.85
15:04 trade low at 15.85
16:35 trade low at 15.94
So from my understanding, a resistance level is formed when the sp bounces off a level a number of times in a relatively short time frame.
Whether it's mm's or just general trading things, imo we've found a new level of resistance. Of course, if we see a price movement lower than the prices quoted above, that would invalidate this trend, but by the looks of it, anyone who thinks we're going to see less than 15.85p anytime soon is **** outta luck.
If you want to have a look into this yourself (Which I highly recommend you do so you can form your own opinions), I'd recommend starting with the below articles:
https://www.ig.com/uk/trading-strategies/beginners-guide-to-technical-analysis-190430
https://www.ig.com/uk/trading-strategies/16-candlestick-patterns-every-trader-should-know-180615
As always, DYOR, GLA! Exciting stuff imho!
Having taken a look at todays trading chart (candlestick view), based on my understanding of technical analysis, it seems today's movements found our new resistance level. Effectively, what this means, is that we are unlikely to see a share price of lower than about 15.85p in the near future.
Below I've cited all the significant trade lows of the day, starting with the first significant trade low at 12:57.
12:57 trade low at 15.60
12:58 trade low at 15.51
13:00 trade low at 15.83
13:53 trade low at 15.86
13:59 trade low at 15.85
14:07 trade low at 15.86
14:12 trade low at 15.85
14:14 trade low at 15.85
15:04 trade low at 15.85
16:35 trade low at 15.94
So from my understanding, a resistance level is formed when the sp bounces off a level a number of times in a relatively short time frame.
Whether it's mm's or just general trading things, imo we've found a new level of resistance. Of course, if we see a price movement lower than the prices quoted above, that would invalidate this trend, but by the looks of it, anyone who thinks we're going to see less than 15.85p anytime soon is **** outta luck.
If you want to have a look into this yourself (Which I highly recommend you do so you can form your own opinions), I'd recommend starting with the below articles:
https://www.ig.com/uk/trading-strategies/beginners-guide-to-technical-analysis-190430
https://www.ig.com/uk/trading-strategies/16-candlestick-patterns-every-trader-should-know-180615
As always, DYOR, GLA! Exciting stuff imho!
Thanks Gilen, some interesting points there!
I'm very much a holder, based on what I've learned over the past couple years. Eg. I was tempted to sell some of my shares in MXC at a point when I had doubled my investment over the course of a few hours, but didn't. Am now down, but believe in the long run it'll still be more profitable, as I've not sold anything.
Definitely believe in holding, much less riskier in the long term imo.
Viking, I would agree with your analysis of the humpy woman. Unfortunately there are just some horribly spiteful people in this world. And lets not forget, that a large proportion of the people who get into the type of position she is in, share a fair few cognitive traits with sociopaths, so I wouldn't be at all surprised if she herself is within that category of person...
Really nice discussion here fellas, thanks for sharing all your thoughts in a productive manner!
@TimmyColes - This^ is how you have productive, insightful, and valuable conversations. Please learn from the contributors of this thread, and you might find less hate thrown your way from most members of this Share Chat.
@timmycoles, what are you playing at man?
seriously, everyone here is seeing through your comments.
The issue is your comments are bringing no substance or value to the table.
Everyone is bleedingly aware that your outlook on this share is negative, but you're not changing anyone's minds here.
The way you're stating things is like the way statistics are manipulated, you say something with an sliver of truth, but present it as if it describes the whole situation.
Yes, there will be some claimants who are so disgruntled they would rather see this fail.
Yes, there IS still risk in this company (hence the still low sp)
BUT, the vast majority care more about the money than being spiteful. The vast majority would rather have something for their troubles. AND with all the old customers in, being offered money for nothing, the LIKELIHOOD of the SOA NOT being voted in is VERY SLIM. As many others have pointed out quite reasonably, GJ and team have done a hell of a lot to weigh the vote in our favour. So Get a grip and stop deramping. If you have some comments with actual SUBSTANCE then please feel free to share them. But NOBODY is interested in reading your poorly made, repeated statements that this is going to fail. It's like watching a child insisting they are right and not listening to what anyone else is sayins, saying over and over again "I'm not listening".
Surely you have better things to do with your time....
Huh, fair enough, I stand corrected!
Don't get me wrong though, rampers and derampers are for the most part frustrating with baseless comments, I don't mind so much if they bring actually useful info to the table, but yeah, generally not fond of the practices...
Valid point Sangijuelas, also unsure why the thread was titled Share Price... though as the post read "I fear that Spac ‘s are going to be the bane of small shareholders like me and many others on here ." which does have relevance to 4D, why not question the statement and have some discussion from it? Those who aren't interested needn't participate, and those who are can learn something.
Understanding more than just the specific fundamentals of a company itself is, in my mind, a valuable part of fundamental analysis through understanding some of the wider factors at play. So whilst general SPAC problems might not be specific to 4D, I do think it's worth having a discussion so interested parties can have a better chance of understanding them, and comparing to the case of our 4D. Would you not agree?
I think there's a large amount of sh*t posting on these boards, with rampers and de-rampers getting into needlessly emotional arguments, when this should be about sharing knowledge, thoughts and information so that we can collectively benefit...
no doubt lol!
Though the likelihood a few rampers or derampers will make a difference on boards like this to the sp is very small...
*132p, not 4.3p, excuse my slip...
@Sangijuelas, good point, but at the same time, talking about it here helps get information out to some of us newer investors...
If you're too nervy, then imo you shouldn't be looking at stocks and shares anyways, and if you're so nervy that the mention of something you don't understand drives you to sell your position without first questioning and doing some thorough learning on the subject, then that is rather short-sighted.
For me, I'm happy with 4D, and whilst the current price is frustrating, and I'm at a fair loss from my 4.32p buy, I'm not worried, as I understood they'd be volatile in the short-term. This discussion is simply good opportunity to learn more about the subject of SPAC's which was brought up in the topic of this thread.
some good, healthy, informative posting here, thank you to ALL who have contributed to this thread!! :D
@Master RSI, thanks for the interesting updates! Nice to see some actual substance in these chats! We need more like youself, and the legendary ISA-Investor who shared an INCREDIBLE amount in the AMGO share chat today (well, yesterday now, but I'm still awake, so it counts as today)
GJ, TY, GLA!
@Scottyb, you can see the last 4 years of all financials on Yahoo Finance for any listed company for free.
Whack the link below for ours:
https://uk.finance.yahoo.com/quote/MXC.L/financials?p=MXC.L
@PD186 would you mind explaining why? - genuine question, I've been learning about investing over the past 2 years on my own time, only started buying companies around august 2020, and don't really know all too much about SPAC's as of yet...
if only we were oracles @Xeilance...
I reckon it'll definitely be up, loads will be reading that RNS and will likely try and capitalise on it as early as possible in the morning.. I reckon a likelihood of a market correction after that as well, as traders and profit takers take some risk off, and then we'll find out new support...
If you want to try and time the trading game, I'd recommend having a read of the linked articles:
https://www.ig.com/uk/trading-strategies/beginners-guide-to-technical-analysis-190430
https://www.ig.com/uk/trading-strategies/16-candlestick-patterns-every-trader-should-know-180615