monarch 8m 88e free shares2 Apr 2019 16:02
good afternoon monarch
your investment profile regarding your 8m shares that cost you nothing is, as I understand it,---- as follows:
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as the cost of the 8m shares is nothing but are worth £60k @ this morning’s bid of 0.75p you stand to lose £60k if 88e goes belly up but you are not prepared to lose it all
. if no fo you are out of here. that requires a stop loss but no derisk because you are in for the long haul to 60p with some derisking/, locking in profits along the way. that requires some fibonacci extensions and support/resistance levels.
as you are in for the long haul the appropriate charts to use are the monthly and weekly so I have used 5 year monthly below initially with ema 3, 8 and 34, Fibonacci, support/resistances
.as you will see your free 8m shares presumed to have been obtained in the first spike back in Feb. march 2016 should have been derisked/locked in profit several times since then , using the blue t line to sell and buy back in later at a lower price.
sell @2.5p (£ 200k) buy @ 1.1p with £200k sell @ 2p (£363k) buy @0.95p with £363k sell @ 0.75p= £286k
3 trades 2 winners 66% win rate. so not infallable
8m shares worth £286k
however, instead of a potential £286k possibly more as t line on chart only begins at April 2017 you only have £60k because you do not use charts and have no knowledge of how to use the blue ema8 and kept to long aand sstrrong because they were free
. in the immortal ewords of pretty woman ‘big mistake’ just because they are free they still have a value which can go up and down.
monthly char as of today does not say buy and indicates we should have £286k or £60k in cash to make the next buy.
support level of 0.30-0.390 would seem appropriate if no fo.
you decide.yyour stop loss if no fo.
upsude resistannces perceived by me based on 1st spike are
16.71p
10.48p
6.63p
5.30p
4.35p
3.5p
2.8p
2.4p
1.9p
1.325p
will post weekly chart when you have acknowledged this post and viewed the chart as I am having trouble saving the charts
chart below
https://www.barchart.com/stocks/quotes/88E.LN/interactive-chart
lefkosia