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From a fundamental standpoint sure, 1.20 is the sweet spot but for technical analysis since we dont have much price action in these areas we could elevator up as there is little resistance past 1.08/1.11. Its essentially new territory for this share.
Saying this, the RSI looks overbought and we could be due a dip to around 94p which imo is our new support level. Very bullish ahead though and ive changed my exit points :). Haven't sold a single share from all the way back down in the dark place.
Cannot keep going up at this pace, there needs to be a period of consolidation to firm the price. I’m happy to close this week above 95 personally
its beautiful really, he did warn me of a slight pull back being a possibility but nothing to worry about as long as it holds the trend
1.08 is a key level to cross and then its a clear rise up to £1.75. Anyone who's thinking to sell I would hold on as the upside potential is unbelievable rn.
The technicals have made me change my exit point and I am not leaving till 1.75 :)
DISCLAIMER - a potential dip is very possible
@No fear, my friend the charts point to the moon so maybe reconsider your exit but ofc I am not an advisor :)
So, I had a friend look at this chart and he was very impressed !
We have formed a double bottom on the daily and he says this is very bullish
There could be a dip which would form a cup and handle and send this to 1.80 in his opinion
OR
This carries on going up as there has been very little price action in the £1 area so we could see a straight elevator up
We have the requisite catalyst coming soon with the reopening which could send this parabolic.
Id just like to say we are in control and even a dip is a bullish sign so suck it IDW/Shorter/Boix and the rest of you morons who bullied people into selling.
Im gonna be honest, ill be overjoyed if this just consolidates around here for a day or so to firm up the price and then legs up :)
We’ll see a false drop and shake imo, 10% or so and recover
No fear looking forward to one of your next calls, I missed Argo when you said and like LTH it makes me nauseous to think what I let slip!
If you have 10p and buy 10 shares at 1p each your average is 1p.
If the SP goes up to 2p and you sell the lot, you've now got 20p.
If you buy the shares again while they're still 2p, you've now got 10 shares and your average is 2p.
It doesn't matter that you originally started out with 10p, the average price you paid for the shares you now own was 2p at the time you bought them. You don't ignore the profits you've made. It isn't "free money", it's extra money you're spending.
^ the above is the correct way of calculating averages, I’ve never understood this sell when it’s up and go back in again.
You’re missing out in a lower entry price that you had and the tax implications of selling and re buying
Lmao sod of Union
I mean sure after royally ****ing it up first, we’re still behind Israel, New Zealand and Australia.
Atleast we beat the yanks....
We should see a reopening letter soon, just need some similar clarification in the states !
I was hoping for earlier than may tbh, don’t see why we can’t open in step 2 tbh
Where are they running out of cash from ? They have enough till May and we’ll be open far sooner than then. Keep wishing for an entry. You’ll most likely get high 70s
Honestly no fear, I think we’ll see 1.50 by summer. I can’t even imagine how happy I’m going to be at that point :)
Good to see your posts no fear, I like to come back now time to time. Cine is my only Uk share left and the only company I have a genuine soft spot for :)
These wells are imo nothing big to worry about but important to see. We may dip on opening but I fully expect a new base at 80p to be formed this week. I hope we continue a slow and steady rise and large jumps create unnecessary profit taking whereas a steady rise just consolidates the position.
Seems like a fair bit was sold off today near the end, no matter as I don’t think this will have any impact on the trend upwards.
https://ibb.co/CbLCC8B
Honestly, I don’t think we’re going to see an explosive squeeze. This will tick up at a lovely steady pace unless we see a massive influx of buying pressure. Right now if the shorts wanted to close they could do so and the float allows it.
https://gyazo.com/c392568ba0a3479f0936572cefae64d5
May be open far sooner than we all think at this rate.
So Union has swapped personalities again ?