Member Info for Mando_

I've had 1255p as a potential bounce line for some time.
I know poly generally follows the gold price, but normally so does CEY and CEY is only down 0.49% today compared to Poly at 1.64%.
My next drawn line is 1145p.
6 red weeks in a row is a record from what I see in Trading View.

lol

I just bought back in at 142.
Time will tell
GLA

I get everyone's excitement, but I've seen peaks in pricing before. Not much has changed. We're still in an economic mess. RR have made some progress, but there are still global challenges to overcome. This will be a mountain range for some time. My forecast is buy again in about 2 weeks.
Having said that, I could be wrong and am watching the charts like a hawk. sold out at 143.32. But I do think this we will see a drop around 8:47am or just before if a downward trend is coming. If we hold past this point or see a rise, I may go in on a small purchase

Be careful of whales taking profits... Sold and buying back when it's safer

Watch for the breakout above the soft 146.20p line

There will be a LOAD of new buyers over the last week based on these volumes and the increased media on Rolls Royce.
Strong momentum

RYCEY Premarket just rose to +10.67% - bodes well

Yep, US Pre_Market +8.99% vs current UK RR. price of +8.84% for the day. I just bought some top ups. I reckon this is going to continue to increase every day this week. Just wait for the announcement on the SMRs...

paper handers / profit takers....
The last Friday of the month/quarter many traders will be taking their profits today.
Maybe a new entry point here though at 69.56 as I type.
The traded volume increases over the last few days and a resistance line forming around 70p looks positive for continued growth next week. Fingers crossed. I bought back in.

The problem is the cost of oil currently, and the cost this year vs last year in oil costs to excavate the gold/silver. If oil continues to run up to $100, at a price which was relatively stable between 2011-2015, as some analysts predict, the cost of mining will greatly increase. That said, some may argue that the cost of gold and silver will also have to increase to cover the cost of the mining (if there is enough global demand for the metal).

You may be right. Time will tell. Honestly, if it continues to rocket, all the best to you.

Sorry, but I doubt it. I sold out yesterday. Beware the bulltrap and the power of the US market shorters this afternoon
Good luck

To be fair, I just bought another 152 shares at 1309 and watched it run up to 1312.5 and then fall. I think we should have some growth to the end of day but I do warn on day trading this share currently. I think the mining industries in general are not loved by the major investors currently.

My gut feel is this is going to be traded down to at least 1252, maybe even the 1156p support line.

I got out recently apart from 100 shares but I keep an eye on this stock to prepare for the eventual bounce.

Last year the stock did really well with petrol pricing being so low and the cost of mining being a lot cheaper than it is now. With a potential drop in gold pricing 2021 vs 2020 and an average higher oil price year on year, I cannot see this share offering dividends like last year, or hitting the same share price high we saw in September 2020.

Good luck.

I agree this share is way oversold at the moment. I've also bought into HL. which I also believe is oversold.
I'm overbought on CMCX now with 12.9% of my portfolio invested in the share, and through averaging down my price I'm now tracking down currently 6.1%
But I don't care...
Someone I know used to work at CMC and knows Peter Cruddas. Apparently Peter said the share drop was just a blip. (But to me that's quite irrelevant really as it should be to you - DYOR).
I expect the share to drop again today with US investors taking gains, and I'll probably buy in again around 14:45 (uk time) today if the price dips, but I'll be HODL rather than selling off this small 2% jump today and buying back later. My gut feel is this share could take off at any moment with some momentum so I don't want to risk day trading this share.
GLA

This volatility in trading currently and the fear over Evergrande I think should be good for CMCX trading volumes and commissions (?). I for one know that my trading has increased over the last week quite significantly (and it hasn't been much fun...)

HI George. Sorry, the system is not that sophisticated unfortunately. I'm using TradingView.com which costs me about $300/year. I'm not a pro-trader. I just use it to help manage my private investments. If a number of trades are done within the same minute, it combines buys and sells to show a red/green candlestick with the volume shown as green/red depending if overall the price ended higher or lower during that minute vs the previous minute.
Looking at the minute charts on 9th Sept 14:02 uk time I see as follows:
14:02 Vol 2.04k. Open 93.54; High 93.54; Low 93.50; Close 93.50
14:03 Vol 567. Open 93.48; High 93.48; Low 93.48; Close 93.48
14:04 Vol 16k. Open 93.48; High 93.52; Low 93.48; Close 93.52
This doesn't seem to tally with your trade or the pricing at the time. What trading platform are you using? Is your broker added their commission to your price as these are actual market prices I quote here. Hope this helps though.

On earnings day RR had a boost from 105.50 to 110.68. Then a high followed at 120.58 in the next 14 trading days, with a decline since. In my mind nothing much has changed since the earnings call, so I'm wondering if today's sharp bottom drop was a push to the bottom for a slow recovery again. I sold out on the way down today and bought again to recover almost 1%

@candid. OK, I don't think you're understanding what I'm saying. I'm looking at trades and volumes minute by minute in real time on a number of companies on a more professional software compared to google and HL. Thanks. ATB