Member Info for LockerRoom

Observations aren't trying to influence anyone, they are simply oberservations, like the sky is blue.

Have we formed a rising wedge - yes.

Probabilistically is this generally bearish or bullish - bearish.

Do we have divergent RSI - yes.

Is volume reducing - yes.

Is the % thrust within the wedge decreasing each time - yes.

Have we bounced off 39p this morning - yes - a key level.

These are observations for the short term.

Medium to long term outlook remains bullish. If I didn't think so I wouldn't still be holding :D

This is only 1 of 2 UK listed stocks I hold. The rest are on US exchanges which is where TA comes into play more, hence my bias towards it. I acknowledge it is not as effective on low volume AIM stocks.

Posted at 08:03 with #mka. I would suspect that does make me one of the longest term holders here.

Stock Genius; yep that is me. You will see I've been calling the MKA trend from long before this recent move & calling it correctly; all with a long bias. I am still long (not sure you can even short MKA, or I can't anyway).

I'm only pointing out the price action that I am observing, which is all factual for anyone to see in my series of tweets. It has no effect on where the SP goes, up or down. People like Newton that can drive the SP aren't reading my posts & deciding to buy or sell based on that. But they will probably use similar analysis which is why it's self fulfilling (in the absence of major news or macro events) - that wasn't targetted at you but it's clearly not a popular train of thought.

Being able to recognise the next likely move & in what direction is important I feel.

I will post my first purchase contract note of MKA on twitter within the next few minutes - 10 July 2018, 70k shares @ 7.69p. You can confirm that for those who don't believe me.

Newton**

39p & 34p are the key levels to watch. We closed below the lower trend line for the first time today but could easily just move sideways & bounce between 39p & mid 40's til we have an update. I think we'd need to see a consistent seller with large volume behind them to push us below 39p but who knows - time will tell.

I wonder if Munro has been watching the boards & decided to put an end to the speculation; very timely RNS. :D

I agree, today we have net sellers which is why we are red. Nothing more, nothing less.

Is it a warrant holder, who knows. Ultimately does it matter, someone is banking some profits somewhere.

I don't think there is anything suspicious behind the move its just the market working off the recent rise.

We've had divergent RSI since July 4th & steadily reducing volume, with each push upward getting progressively smaller % wise signalling exhausted buyers.

As we know, a piece of news will totally change this (which could land any day) but until then it is likely we will pull back a little & consolidate. I know its unpopular oppinion but the indicators don't lie, buyers are exhausted relative to sellers & we now have a lot of 'ITM' warrants just issued.

Does this mean we'll fall apart - no, but recognising without further news we will likely move lower is good - it's literally just market mechanics.

A lot will depend on how we close today as we've still not broken structurally but we're currently flirting with lower trend line.

Disclaimer - I am long & have been in MKA pre covid, so I am likely one of the longest terms holders on this board.

I’ve been long MKA for years & still am, just pointing out technically we could break given the pattern that is emerging. Not trying to deramp. Hopefully it serves to calm peoples nerves if we do, rather than any fundamental reason for a drop; if it is to occur.

Chart is looking interesting, currently flirting with the upper trend line of a well formed rising wedge. We'll be getting to the pinch point middle of next week unless we break above (or below) first.

Usually rising wedges are bearish reversals of a longer term upward trend but not always.

Got my support levels marked out & will be adding if we see any of them again. Strongly believe the overall trend is northward from here but a pull back & proper re-test / consolidation technically is on the cards from whats playing out. No need to panic though if it does eventuate.

I doubt Siemens would take a stake in the project. They are generally a services & technology company rather than an operating entity is my understanding. I've got plenty of experience offshore O&G UK (& abroad) & I know this isn't 'O&G' as such but it's analgous. Unfortunately I don't think it fits Siemens business model to be a major stakeholder in an operating license & the liability that comes with it. Too messy & not their game.

I imagine Wood would be the only hope, potentially, but again its a very risk on project for them & financially they aren't in the best shape - again their a services & engineering house.

@Irishdemon - before you go out of your way to criticise other people's use of the English language, you should probably stop insisting on putting a space before exclamation and question marks. Attempts at condescension while still making primary school errors in your own messages doesn't work very well.

Https://taostats.io/subnets/107/chart

https://taostats.io/subnets/126/chart

Bid/ask info on L2 often isn't very accurate for AIM stocks, live sell price (aka bid) is 1.69 at the moment. The live bid/ask often move around despite the L2 bid/ask staying static.

Update:

Alpha: 11.91

Beta: 7.26

Total: 19.17

Exciting stuff, please let us know every hour of any other 0.01 movements

Can we avoid turning this board into posting tiny changes in the emissions every couple of hours, please?

You've been in total panic for at least a week now Irish.

Make a cup of tea and go for a walk Irish, it's too early to be having a public breakdown.

If you believe in the hype around Bittensor then there's nothing to discuss here, buy as much as possible and enjoy the spoils.

If a share price going up or a share being ramped on social media is a reason to restrict buying, then I'm afraid they'll have to close down all retail trading.