Member Info for meldrew44

We all know the story but the direction the charts go is decided by the majority of investors when they judge and react. They have already reacted to the story and are cautious. Hence the flat main chart and the indicator charts indicating a drop. Things should be clearer tomorrow.

The main chart is flat, but the indicator charts seem to be forecasting a drop, possibly between 10p and 30p. The last time it happened it fell by around 35p.

Now is not the time to sell

The candle indicator chart seems to be forecasting a sharp drop is due but it doesn't say when. If it's today or tomorrow. The main chart is looking less bullish

The indicator candle chart indicates a sideways movement today. The main chart and the sp both confirm it. The main chart still shows a possible inverted head and shoulders. That is a good sign since it indicates a possible bullish period ahead.

ML. My point is that charts can sometimes be used to forecast the future of a share price, even it it's only in the short term. For example the EEE indicator chart yesterday indicated that the sp was likely to go down today. And so it did. The indicator chart today still suggests that the sp might go down tomorrow. On the other hand, the present inverted head and shoulders share pattern suggests that very soon the sp might enter a bullish trend. That is independent of the potentially beneficial effects of the forthcoming MRE. Taken together they suggests that we might soon see a significant hike in the sp. I hope we will. None of it is rocket science.

Dusty. A 'W' share pattern is a well known pattern that I've been aware of for many years. It can signai a potential upward movement in the sp but it takes time to form. At the moment it is only half way there. At the moment it is more of an inverted head and shoulders. That is in itself a good sign as it suggests that the sp may be about to enter a bullish trend. It's possible that tomorrow or next week we could see a significant increase in the sp

I'm soryy no. I can only go by the indication, if there is one, that it will likely go up or down

A growing number of sells and the indicator candle chart shows an imminent drop. It will be the next stage of the 'W' that should, hopefully, be completed when the MRE is published and the sp goes up again to complete the 'W'.

If you look at the recent chart, and the chat record, you might notice that when the sp was on its way up to the peak there was comparatively little negative comment. Things changed when people started questioning the business plan, That was followed by the big dip. When the questioning diminished, the sp recovered most of the lost ground, resulting in the present 'V' pattern of the chart.

Now the questions about the business plan are mounting again and the sp seems to be fallling off its new peak.

The question is, what next?

If the business plan continues to be questioed, the sp might well drop further. If it does, there will come a time when it reaches a new low and start recovering as good news emerges. If that happens, the result will be a 'W' shaped chart pattern, that often precedes a massive upward movement in the sp.

The above is a mixture of historical fact about what has happened to the EEE share price, combined with some theoretical mumbo jumbo.

Try a search engine such as Google or Bing

All my miners except GSCU are quiet today.

I estimate that production will get into its stride next year and might reach full production by 2028. Then there's the byproducts such as kaoline and hematite to add to the profitability. It seems there's a long and highly profitable future ahead

It's gone up by 5.45% so far today. At the moment it's 2.9p. Good going.

It's still on 5.9p but trying to push higher

Dusty:

Bless you my child.

I have as much faith in EEE as I have in any other stock.

Dusty

I admit to a past involvement with avo and MET1 but they were never my only investments. On the whole, my investments have served me well.

My portfolio now includes EEE, for which I have some hopes.

Shut your computer off. Go away and do something more interesting.

Come back in six months time and see how it's doing.

Then repeat.

Cev. I'm a thinker. I can't stop thinking. I do it all the time.

Bozi, That's good to know