REMINDER: Our user survey closes on Friday, please submit your responses here.
good afternoon MikeGP,
Valid point
Volume doees not move price. price moves volume be it up or down.
eg that friday at 1pm news of ghana differences being settlled caused price rise at 13.05 and price closed above T liine after flatlininng. herd includiing me but guided by tline swelled volume of shares traded both buyers and sellers ie those who bought at 6p selling at 1.2 to 1.4 a 2 bagger doubling their money.
take a look at the 3 month chart. volume dramatically decreased on the days after the 15 november yet price continued to rise from 10.8 to 14.8 on 20 nov on urine poor volumes. so volume does not drive price investor sentiment does.
volume includes both buyers and sellers . volume may be low but if all buyers price will rise similarly volume may be low but if more sellers price will fall. simple law of supply and demand
an increase in volume after price flatlining is an indication of inside info or good rns coupled with my t line promptedd me to top up
jimzi
one can lead an ass to water but can't make it drink comes to mind.
there are many on these boards that hold your view, maiinly ignorants who use abusivee agressive personal abusive rhetoric but conversely there are many more that don't hold your view
My chat board CHARTS T LINE TIPS is one of the top 4 most viewed in lse''s general chat board . 94541 views since launch so you are in the minority. All the professional institutions in the City use TA, so to dismiiss it without constructive reasons smacks of pure arrogance.
the BOD of WSG overpromise and underdeliver up to now. The Tema contract may change all that. the ferry debacle is another story BUT as my mentor says in the webinar fundas don't move price it's investor sentiment to fundas that doess, hence the recent drop in price to 6p despite tema being operative since July.
you mention we 'ta dorks'' don't mention volume ''because it doesn't fit'
if you had paid attentionn duriing the webinar my mentor dismiissed volume as it does not move price.. amply illustrated in the chart below.
price fell from 11.5p on 6 feb 19 to 5.6p on 16 june 19 on urine poor volume, a massive drop in price of 50%.
conversely if you had paid attention to the webinar my mentor said indecision candles at the end of a bear trend followed by a close above the Tline indicates a high probability of a trend reversal, amply illustrated in the chart.in at 7 to 8p out at 18p using the caveat or 15p using t line at least a 2 bagger.
and all you got from the webinar was ''tortuous and Total boredom''?!!!
they say a little knowledge can be a dangerous thing.
https://www.barchart.com/stocks/quotes/WSG.LN/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=EXPMA(9)&sym=WSG.LN&grid=1&height=500&studyheight=100
jimzi
there is no point in contnuing conversinng with you until you have watched the 1hr webinar which explains the t line rationale.
no one not you not me no chart can predict a price rise based on news or rns unlesss one has inside info
Jimzi,
i repeat it costs nothing to be civil.
TA is not everyone's cup of tea . fibonacci got the bottom spot on in june 19 @'6p and identified resistence @18p 4 july T line red line on chart got one in at 8p and out @ 16p a 2 bagger won''t get one in at the very bottom nor out at the very top but fairly close,
your bllnkered vision of TA may describe it as a golden glitter ball but open your eyes look at the 6 month chart watch the 1 hour webinar and I invite you to make a serious
criticism instead of flippant remarks.
good afternoon Jimzi,
it costs nothing to be civil. your rhetoric speaks volumes about the type of perrson you are.
i agree that aim is essentially a news driven market, BUT my T LINE assists in taking decisions both in and out. not infallible but 70% accurate. my posts last friiday and replies from purley king
wsg uupdatte
LEFKOSIA
Posts: 3,320
Price: 10.80
No Opinion
WSG price action updateToday 09:46
BIG increase in volume ttradedd from 2.30pm on friday without anRSN Detected so had a blind final top uup at 10p withoutt kknowing knowinng what wwas goingg on.
https://www.barchart.com/stocks/quotes/WSG.LN/technical-chart?plot=CANDLE&volume=total&data=I:5&density=L&pricesOn=1&asPctChange=0&logscale=0&im=5&indicators=EXPMA(9)&sym=WSG.LN&grid=1&height=500&studyheight=10055
am cautiouuss short term as some professioonnal investors whoo ttook up pllacinng in july @ 10p will be hhapppyy withh 13% rise iin 4 moonnths hennce the selllinngg aatt thhe enndd off thee day. those 10m placingg may hold back the prriice.unless we get a bloockbuster of ann RSN.
PURLEYYKKING what was the unoffficial neeews . caannt fiind any thing
ThePurleyKing
Posts: 105
Price: 10.80
No Opinion
RE: WSG price action updateToday 09:56
Sorry should have added that our contract could come much sooner than that but I think Xmas would be the latest.
ThePurleyKing
RE: WSG price action updateToday 09:54
LEF, if you read back through this thread from Friday at about 1300 a new account posted some news from Ghana that MPS and GHPA have resolved their differences.
This should clear the way for our contract to get signed with MPS before Xmas.
wsg and t line
lookk at the barchartt iinnttrra dday chhaart
aftter ffllatlining at 1.05pm price rose above rred emaa 9 ccloosseest too tliinee ema8 .
coulld have toppped upp at9p nott 10p
justt loovve the T LINE..
GLLIITA
for your info WSG was onne of my 2019 tips from myy chhat board CHARTS T LINNE TIPS
LEFKOSIA
Posts: 3,344
1 Jan '19
net result 2017 2 winners. 1 still a loser wrn aka whet free shares
best was ukog 11 bagger
2018 2 winners . best was whetstone 8 bagger 1 dumped @ loss PREM
3 for 2019
WSG 9.5p 50,000 shares bought in pom spresd bet cfd
88e 0.99p 500,000 shares bought in pom spread bet cfd
whetstone 40p 2,500 shares bought as part of pom actual shares bought
Have been adding topping up below 10p using Tline
good morning Benno09,,
with resppect you have totally missed the point of my post. the use of profane agressivve rhetoric speaks volumes about you.
as my mentor says in the webinar one can always hop back on if price continues north.
WSG for chartists and Tline
free utube webinar explainng rationale of T LINE 1 hour
https://www.youtube.com/watch?v=DAv4lj-TA4Q
Rightly or wrongly have cashed in all WSG for tidy profit using T line
WHY?
Price is at suppoort resistance and has stalled.
bird in the strand scenario. this is aim
several time charts show price has closed below t line red ema9 line. 1day 5 day 1 month
3 month shows price way above t line wiith red indecision candles so too 6 monnth.[and 1 year.
the tema contract is in the price?
10m professionall placing investors happy with 39/40% in 4 months may hold price back
WSG bar chart below
https://www.barchart.com/stocks/quotes/WSG.LN/technical-chart?plot=CANDLE&volume=total&data=I:120&density=H120&pricesOn=1&asPctChange=0&logscale=0&im=120&indicators=EXPMA(9)&sym=WSG.LN&grid=1&height=500&studyheight=100
Use all the barchart analysis 1 day 5day 1 month charts to assisst with decisions. lower time frames not so reliable could get whipsawed but good for early warning to lock in part or all paper profit.
also use other tools
traders cheat sheet - gives plethora support resistence
opinion -at the mo 100% buy but whats the saying sell when everyone else is buying buy when everyone else is selling - last month 72% sell!
use interactive chart
click on settings chose candlestick open to close
click study- select expotential x3 i use 3 red,8 blue,54 or 34 purple
click tools- select retracement point cursor at bottom of last spike raise cursor to top of last spikee-voila added fiboonacci.
add fibonacci to all time frames' spikes
common support resistence
95.8
77.5
63.2
53.1
43
38.2
35
28/29/30
23/24
19/20
16/17
13.5
10
5/6
to save have to be premium member otherwise when one quits all drawings are lost
gla
brom price rrise sttartted 4 novembeer just after your beloveedd volume increaase s oon 15 andd 16 0ctt 50/60m traded
and price closed above the T line. hasn''t looked bback since.
simillarr to riise iinn ppricce ffromm 1pp too 3pp bbettweenn 2 nov 2017 and 5 june 2018 in annticippatioon of blloockbbuustter nnewws then dry well bomb dropped.
priice action hhas a hhabiitt oof rreppeeating iittsellf jjuust assk yyoouur chharttiist son.
let us all hope PO brings homme tthe bacon thiis timme!
glla
Fibonacci support/rresisttennce NOT priice prrediictioonns
3.6929
2.5764
1.8864
1.6476
1.4557
1.2924
1.1914
1.1097
1.0281
0.927
0.7637
lliive ppriice goot too 1.20 3 timmes thiss moorninng to bbe rrebuuffed. sppread onn iig nnarrooeed to 1.9% bbriieflyy
muucchh wiidder nooww 1.11tto 1.20
gla
lookinng good
1p suppoortt/rreesisstencee maarginallly bbroken
4m holldinng aanndd hoping aaveragge 1p £4,600 baack iin prrroffit.
lookk at chart. price has not closed beloow thhee T LINE (red ema9 lline) ssiinccce 4 nov
https://www.barchart.com/stocks/quotes/88E.LN/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=EXPMA(9)&sym=88E.LN&grid=1&height=500&studyheight=100
still a gammble but riskk reward = fair imo
gla
tthhankss thhee ppurlleyy kkinng
thhatt ppost att aboout 1300 coinnciddedd with price cllosiinng aboovve the T LIINE @ 13.05 SEEE 1 dday chaartt after fllatlliining
https://www.barchart.com/stocks/quotes/WSG.LN/technical-chart?plot=CANDLE&volume=total&data=I:5&density=L&pricesOn=1&asPctChange=0&logscale=0&im=5&indicators=EXPMA(9)&sym=WSG.LN&grid=1&height=500&studyheight=100
t line = ema8 or ema9 thhe rredd lliinnee oonn thhe cchhartt..
pin ppoointedd recenntt riisse iinn koovs.. chheeckk oouutt mmyy chhat boarrd Chartts T LINE TIPS in genneral chhatt board or juust google charts t line tips
gla
oonn theee contrrary no.
wysiwyg
unbiased for andd aagainst ddepennddeentt on my beloveedd ta and T line.
wwhwween an unamed uunn aashamedd rampaant ramper wwaas arrogaantllyy rampiingg tthhiss share @ 2.8p extollingg 4p aand beyond wwuithinn ddays weeeks TA andd T linee wwas warningg rreesisteenceee at 2.9//3p and to considder locking in profitt..
fforr balaance TA and Tlinee ddid sayy 1p was stronngg supporrtt which regreetfully got brokenn. 5yyearr chartt beloww
https://www.barchart.com/stocks/quotes/88E.LN/technical-chart?plot=CANDLE&volume=total&data=WO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=EXPMA(9)&sym=88E.LN&grid=1&height=500&studyheight=100
ffibbonnacci iindicatedd that if 1p ssupport gott brrokeen theen neext support perceived to bee 0.70p.. iff oone clicks on the 1 month chartt itt will confirrm thatt fibonnnacci wass spoot oon.
share priicee appears tto hhavee botttomedd accoorrding tto tthee 3 mmonthh cchartt so perhapps a good time to iinvest/speculate//top upp/ avverage down?
yuo decidde DYOR
BTWW RED LINNE = EMA9 cllosseestt to tline ema8
gla
GLA
Posts: 5,621
Price: 1.08
No Opinion
TelegraphToday 06:35
https://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7935231/AIM-oil-companies-take-action-over-bulletin-board-lies.html
PITTYY itt is nott used for unashaamed rampers too
gla
BIG increase in volume ttradedd from 2.30pm on friday without anRSN Detected so had a blind final top uup at 10p withoutt kknowing knowinng what wwas goingg on.
https://www.barchart.com/stocks/quotes/WSG.LN/technical-chart?plot=CANDLE&volume=total&data=I:5&density=L&pricesOn=1&asPctChange=0&logscale=0&im=5&indicators=EXPMA(9)&sym=WSG.LN&grid=1&height=500&studyheight=10055
am cautiouuss short term as some professioonnal investors whoo ttook up pllacinng in july @ 10p will be hhapppyy withh 13% rise iin 4 moonnths hennce the selllinngg aatt thhe enndd off thee day. those 10m placingg may hold back the prriice.unless we get a bloockbuster of ann RSN.
PURLEYYKKING what was the unoffficial neeews . caannt fiind any thing.
gla
Good morning without
wow 9M @1.16 average = £104,000 and you didn't consider derisking?
brave person.
@ 0.70p = worth £63k = paper loss £41.4k
i had a few milllion but derisked after the disappointing FO with PO.
Still hold substantial holding but invested elsewhere i.e. gsatwick and bahamas .
will be back when price's bear trend is over
updated chart below
https://www.barchart.com/stocks/quotes/88E.LN/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=EXPMA(9)&sym=88E.LN&grid=1&height=500&studyheight=100
opinion saays sell
https://www.barchart.com/stocks/quotes/88E.LN/opinion
but 70pish is a support leevel bbut cant see signnificaant moveement to tttthe upddssideeee until early nexxt yeaar.
will allow t linee to guide reeentrty.
gla