Member Info for ma5k

Over-correction likely imho - posted an illustrative chart a couple of weeks back...

http://www.ma5k.com/trading/charts/FFWD_18-10-13.jpg

(weekly time frame)

Predators "going under 9p and I am not expecting that to happen would be in New territory"

8.63p previously (March 2017) ?

Alternative scenarios are also available:

http://www.ma5k.com/trading/charts/Gold_2018-2023.jpg

(for illustrative purposes only)

In a word, 'no' 1onic - at this stage, the descending red trend is invincible imho

Then again, I've heard pigs do fly where you come from!! :-P

If you're going to do it at least do it properly Fez!
:-)

We needed approx 21m more buys than sells which we have now passed - should hopefully see a rise now
:-)

GLA

I calculate there are just over 3m left to clear, then we should be set for a rise!

:-)

Good buying volume so far today...once the MMs have cleared the overhang that will then clear the way for a rise.

GLA

Like you say, we disagree MP - but sincerely, very best of luck regardless! :-)

On the contrary MP, regardless of the fundamentals, at this stage it looks very much like a typical AIM 'bubble' and subsequent market correction...

http://www.ma5k.com/trading/charts/OMI_Bubble.jpg

(for illustrative purposes only)

Truth is money comes into a share very rapidly from over-enthusiastic rainbow-chasers in this scenario and over time naturally dissipates until 'reality' is restored... Not saying it won't ever take off again, but any positive news at this stage will likely cause only a brief spike in an established declining market with the closing price extremely unlikely to exceed the descending/market-correction trend.

IMHO, DYOR, GLA etc etc

Might as well talk to yourself on these boards! :-)

shellymarie >> "How can a chart account for in coming news that is expected at any time"

What you seem to be overlooking is that a chart includes every single historical news event and accurately records the corresponding share price movements... as for future news, you would be amazed at just how often a news-driven rise or fall ends *exactly* on an existing support/resistance trend.

You may not respect technical analysis but it is relied on heavily not only by traders, who need to put food on the table & cover their bills each day, but also by professional investors seeking optimum entry/exit points.

atb

Just got off the phone to Daniel Stewart (Mysquar's broker) who were very helpful... seems there were 33.5m and 5m sells at 0.65p, but there was also a broker to broker transfer of 33.5m shares at the same price (presumably the two buys showing). Apparently the current MM is "trading it aggressively to clear the overhang" (quote).

Fully expecting a bounce imho

Did someone mention a bounce?!
:-)

5m sell

Someone's going to regret that imho

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Sorry, I'll behave now!
:-)

(Might be needing this later!)

Making progress...!
:-)

But does it count if a gap fills along an oblique trend rather than horizontally 1onic?!
:-)