Member Info for ma5k

Spam for breakfast?!

Think you might be right Degsy - IG showing Ask as 9.5p now!

Not impossible with a little volume...

http://www.ma5k.com/trading/charts/OMI_18-10-04.jpg

http://www.ma5k.com/trading/charts/EVRH_18-10-03.jpg

Went from 9.3p to mid tens in the last 15 mins of trading last Friday - if it does it again today I'll draw you an even nicer chart for tomorrow!! :-)

http://www.ma5k.com/trading/charts/OMI_18-10-03.jpg

The buys/sells aren't deliberately misreported - they are assigned their status automatically depending whether they fall closer to the advertised Bid or Ask at the time. Most look like buys this morning imho ...We've been getting consistently higher lows over time and so long as that underlying growth trend is maintained then it's currently sitting on the lowest possible entry point moving forwards which should attract buying interest...

http://www.ma5k.com/trading/charts/OMI_18-10-03.jpg

MP - they're only labelled as buys in relation to the SP at the time they were reported today (8.9/9.3). Even by studying the adjacent trades and moving spread at the actual time of the transactions one can only hazard a best guess.

Besides, every buy is also a sell & visa-versa and only the direction of the SP is a true reflection of sentiment.

Examining the chart it does not resemble a typical bottom or reversal pattern. It looks more like a FOMO knee-jerk reaction to breaking the psychological 5p barrier which many will have perhaps mistakenly assumed to be the floor...

Obviously time will tell, but it wouldn't surprise me in the least if it loses today's gains fairly swiftly.

GLA nevertheless! :-)

There is no way of knowing whether they were buys or sells for sure but as the SP dropped significantly afterwards I would have thought sells more likely???

Hi ionic

Yes, it's certainly one of those bull-pendant thingies if ever I saw one! :-)

Genuinely could go either way (but AIM being AIM it'll probably find a way to do neither!).

Looking at different timescales I'd say each interval offers some hope but it's getting critical imho... various MAs seem to consistently provide support and the underlying growth trend is as yet unbroken. However, it's sitting right on that at present, so any dip first thing in the morning could adversely seal its fate (if that ascending support goes then we've got to be looking at mid-sixes for sure). Nice curve to the most recent downtrend offers promise....

http://www.ma5k.com/trading/charts/OMI_18-10-02.jpg

Overall I'd say I'm cautiously bullish on this one - if it does maintain that growth trend then there's certainly considerable upside potential but it's by no means certain and if 8.8p breaks on the downside...!

It needs volume for sure, but a clear turn for the better will no doubt bring it! :-)

Sounds like you've got a well thought out plan and you're in profit already which lends weight to your track record of, however unpopular, consistently getting it right! :-)

Very refreshing & welcome to see a positive chart from you (even if we did have to wait for ever & a day for it!!).

You've taken a lot of stick here, but I for one did listen to you and have managed to turn previously unsuccessful investing into profitable trading as a result! ...People may sneer at '1%', but consistent small gains compound very quickly (and in any case are infinitely preferable to sitting on an ever increasing loss!).

Here's hoping that we are all rewarded here - especially 6z for his commendable positivism and outstanding patience through very testing times!

GLA

Guessing buys from Friday morning judging by the price & following SP behaviour?!

(lets just hope the SP follows suit 6z!!)

:-D

I respect your judgement Wiz but, largely thanks to you, trust technicals more than fundamentals these days. No matter how good something may look on paper, it's all down to sentiment & foot flow weh it comes to the SP!

Here's a piece of your own medicine matey!!! :-)

http://www.tellas.co.uk/Charts/MAFL_18-10-01.jpg

Having fallen this far do you really think it can avoid the floor???

Think you might have jumped the gun there Wiz

http://www.tellas.co.uk/Trading/MAFL-quote05.jpg

Best of luck anyway! :-)

It's getting to the point where it'll have to bag just to recover above 10p!

Sorry - posted a number of charts that people had requested yesterday without looking at the respective boards so didn't see that atg had already posted one here!

ATB

Id that a gap I see at 190 ionic?! :-)

Share price movements are driven largely by sentiment but the computer algorithms that calm those movements operate within parameters that can be identified on a chart. Barring exceptional news, the dominant descending channel will likely determine the extent of upside and downside in the short to medium term. Should this channel be broken on the upside it is effectively taking the lid off and opens considerable upside potential as can be seen on a weekly time interval chart. However the share price is currently hovering above key support (a well tested lower trend) that if broken will likely result in a sustained downwards movement to the bottom of the channel determined by the blue diagonal trend on the chart.

In short technical analysis identifies a fairly critical stage with a significant move in either direction depending whether the descending pink channel is broken or the green key support.

Hope that helps Timster!

IMHO, DYOR, GLA etc etc