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The Closing Candlestick today is a BULLISH ENGULFING
Characterized by a prevailing downtrend on the chart, a long white candlestick appears covering the black of the day before.
BULLISH ENGULFING... https://i.postimg.cc/P5Yt4bb5/Screenshot-2023-10-08-at-7-19-27-PM-1696764829587.png
EEE 1 month chart... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EEEE&width=400&height=315&p=1&t=1&dm=2&vol=0&cb=
The pause on the share price this afternoon, it gives me the idea that a new amount as "sale" has been placed with a MM, and it will only move, till the full amount is liquidated with buys, just like this morning.
It seems ready to get better soon after all this pause.
I hope you were aware of the trades today. There was a MM with some stock ( no idea were from ) and slowly is making pay more for the buying.
spread the sam 7.40 v 7.60p
Earlier one could buy below middle price 7.472p and selling at 7.422, but now is over 7.54p for buying.
The pattern has changed for the better, as the share price is not falling as low as before on the time of profit taking by some or a few sellers needing money to pay for other things.
5-day chart .. https://uk.advfn.com/p.php?pid=chartscreenshot&u=QUOn4IL59qcw6oXp7wCNJKek6AjyApgH
Surprise surprise I have found more positive things on the chart
1-month chart with comment .. https://uk.advfn.com/p.php?pid=chartscreenshot&u=lOIlJyf%2FZRFeMPQER283xcs%2FQzXkeWZz
7.35p has been support for the last 3 days
3 days chart with comment ... https://uk.advfn.com/p.php?pid=chartscreenshot&u=t5ZnYoD9C7WRHmiedwYIKJFNRTjP%2FJX8
The 2-day chart, yesterday bounced also from the 7.40p offer
http://uk.advfn.com/p.php?pid=legacyintra&epic=EEE&type=1&size=2&period=b&freq=1&ind_type1=0&ind1_1=&ind2_1=&olx_1=&scheme=&delay_indices=1%20thums%20up%20%3Cimg%20src=
The longer chart shows around those prices there is a 61.8% retracement and 7.40p offer is also the low yesterday.
61.8% retracement is the KING of retracements
Last night chart ... https://uk.advfn.com/p.php?pid=chartscreenshot&u=Ew3aH%2Fyok%2FFPtIWZKog6rp%2BIzY5WXNQ5
There is too much speculation, but the truth is in the pudding, but there is a problem: there is no "Custard" on the side.
That is great buy 10K and volume is moving into a good expectation for the neckline
15:13:26 - 266p - 10,000
chart with volume ..http://uk.advfn.com/p.php?pid=staticchart&s=L%5EBOOM&width=600&height=205&p=1&t=1&dm=2&vol=1&cb=