Member Info for MontyMcgree

its working! audio confirmed

"weve got your audio" no audio

Yes buffering and mic problems sadly

No sound for other two

Zoros things develop as they develop

Do you think me saying i expected 20 to hold was outlandish at time?

There have been many areas during the SP coming down from the 30ps I thought would hold but it kept going lower, yes I was wrong, yes it surprised me every time, I would not have guessed 15p was possible until recently

There are areas of support you expect to hold, thats why I try and put "expect" and not anything more definitive

I have no problem with being wrong or being told I was wrong, my problem was being abused for a reasonable prediction

20p holding was equally as reasonable as saying 15-17p

4 weeks after results down

2 weeks pre results up

I dont think the 10% means anything other than its a bit overdue for a rise

The pattern has been SP risinh in the two week lead up to results, this time its been a bit slow in coming but hopefully strong green days starting next week

sorry posted old screenshot of dma - https://imgur.com/Sgmf0Qn.jpg

No I wouldnt say its been confirmed yet

This a stripped down version of what I see - https://imgur.com/j0E1pfQ.jpg

You can see with the purple line it burst out a couple times in 2020 and fell back down without confirming it as support and found it as resistant again, it wasnt till 2021 it really broke out and came back to find it as support

I will be interested to see if now it comes back and finds the blue line as support or just falls back through

its also just hitting the 200 dma on the daily it might get rejected but be nice to see it move and hold above - https://imgur.com/LZzNzFo.jpg

https://imgur.com/kSpD18T.jpg

I said directly after the last drill results 15-17p over the next four weeks looks most likely and weve hit that (I wont wait for apologies)

With results due now in a couple weeks, PFS pending, other drills due and the SP already way oversold you would think the only way is up now finally but we shall see

Just after last results we were at the top of this downward channel and didnt break out, lower was always most likely and I predicted 15-17p - https://imgur.com/NjBzjWZ.jpg

I think were probably at the bottom now and will rise in the 2 weeks leading up to next results and finally break out and be in this more neutral sideways channel - https://imgur.com/w2irkV3.jpg

Once we break out of that is when you can turn positive from a technical pov

Fundamentally of course theres every reason to be 100% positive all of the time for the long term, Im just using technical analysis to judge shorter time frames and know what to expect

CostaMooney thank you for saying I'm stating the obvious, I too think its obvious yet others are very rude about it and think its worth attacking someone for

Yes you can look at other aspects of course

Spy, this is where its so silly to me

SP has been in a negative trend for months, you may have noticed its gone from 38p to as low as about 17p

Is charting that out negative? do we deny reality that hard

I'm drawn in a nice clear line where I can say ok once that's broken thats positive, but until its done SP is in a negative trend

Sorry Spy I'm sure this is hurting you to read but SP has been in a negative trend and its not out yet.

Lenz we're in this channel - https://i.imgur.com/AB9dRPC.jpg

If you hit the top and don't break out (which we did on last results) and its another 6 weeks until good news, where is price most likely to go? bearing in mind we're at the top.. down

If it does go down, where are their likely to be buyers? 15-17p looks like strong support

So my prediction was down for the next 4 weeks until anticipation of drill results likely bring us up again

I'm surprised this is so controversial

Spy, yes be mindful and actually go read what I said, an exact quote from me - "I think we could see back down to as low as 15-17p in the next four weeks"

1. I never said will, I said could

2. It went down to 17p so I'm already right

Reality is reality

You mean when I said it was more likely to go lower than higher in the next 4 weeks and it went 10% lower? I don't know how you can be so smug/rude to call it nonsense.. cognitive bias in full swing there champ

Im not expecting anything good SP wise until it breaks out of this downward channel - https://imgur.com/AB9dRPC.jpg

I think you have to be negative short term until it does, albeit I'm very bullish long term due to the fundamentals

"No one could have any hope Powell had any idea how to control inflation yesterday given what he said."

Monetary inflation isn't a problem, if you want to have a much better understanding of money read Jeff Sniders work

Ok wow, I didnt notice this before

The line Im currently using is the exact line from the breakout in December - https://imgur.com/kDFj259.jpg

Someone please look at this and tell me technical analysis is garbage?

"I invited you to draw a line through the peak SP of 5 Feb and 24 December."

Ok is what I see

Rapid rise , lost in March because of the liquidity crisis, the support became resistance - https://imgur.com/Jbajh36.jpg

Over a longer time frame cutting out March lows because that wasnt a technical break you can see clearly where support was and after losing it, it being confirmed at resistance in april 2021 - https://imgur.com/tK6rHyE.jpg

If you copy those lines do they slot in very nicely , yes - https://imgur.com/7pncTa6.jpg

Would it have told you where the very tip top is? no, because its uncharted territory at the time

You could have drawn in this line and said ok if it breaks I will sell or sell on the confirmation its been lost - https://imgur.com/XN324bZ.jpg

You would sell at 29p and not 38p but again you can't pick an uncharted top, that would be pure luck