Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just got all exited when I saw the RNS and thought Looney may have dipped in to his pockets and bought a Mil or two of shares...nothing like putting your own money on the line when it comes to commitment to your own strategy, tends to go down well with investors.
Not to be ..just some diddly squat amount of sponging shares for being the boss... as per usual !!!
I’ve drawn my own wider rising channel keeping the same highs as before , just with now a lower low. We could still be on the up with a peak around ex div date of £3.30. It would match roughly in timescale the time between the dec and jan peaks
Could obviously be pie in the sky but Just putting out there and see what happens in the next week....
I’m waiting to see what Geng has up his sleeve and will be chuffed if his circle lands in the same spot !!! Obviously please take more notice of Geng than me as his (or her) chart will be based on a bit more than my early days over optimistic exuberance with minimal TA knowledge!!
Anything is possible
Plenty of whoops from Caitlin on the way up and Paddyboy will at long last be able to claim his £3.30
Someone correct me if I’m wrong
HF short Bp at let’s say £3.00 to £3.05 to an extent that starts driving the price down and potentially more along the way to keep the momentum of the downward trend to a level that would be reasonable to get out say £2.50 . Then gradually close the shorts without letting the price rise too much letting the fear in the market keep it down . When fully offloaded then go in with a big long to drive to price up
Rinse and repeat
Just my theory ... am I on the right track??
https://www.fool.co.uk/investing/2021/02/06/royal-dutch-shell-vs-the-bp-share-price-which-is-right-for-me/
Today the MF have favoured Bp over Shell - it will be ironic if their post can reverse our fortunes on Monday vs Fridays antics . If it swings too far in our favour expect an article next week stating the exact opposite ;)
#mediabandwagoninaction
This morning the 4 hour MACD crossed the signal to buy line . The last time it crossed the signal line was 14th of Jan a couple of days before the downturn and has been below until today.
I’m no expert by a long way but looking back over the last few months there is def a correlation between this measure and change of direction.
Interestingly shell crossed their signal line yesterday
I for one will be keeping a close eye on this in the future
Dyor but it does look like the worst may be over
Hi Geng
Is there a possibility that the rising channel may continue albeit a bit wider than previously ??
Or if a new channel established it would have the same price width as before
I know this is a bit early to say but just looking hypothetically , thanks in advance
Timydogy
There are no remaining gaps below, only above with most recent being £2.92 ....plus a couple higher from way back last year.
That does t mean that the £2.92 will necessarily be filled soon especially if we drop out of the rising trend
Yes Geng I’ve always followed your posts with great interest and not necessarily always gone along with your plan , I would be a couple of grand better off if I had. Qudos to you and thanks for sharing your views
From what I am looking at
Potential downside circa 10% if Geng is right with his chart, however if it doesn't go below this and stays in its channel then we are looking at potential upside of 20% + over xxx period of time. My humble guess is 2 months.
Personally I have added another £7.5k based on this today and keeping some in the pocket if it goes down to further top up.
My entry point was £2.20 and obviously wished i went in for more at the time but hindsight is always a wonderful thing isn't it.
Lets not forget that it was 24 years since it was £3 and its easy to get caught up with the frustrations of the movements over a week or two , but bar a significant set back this at the moment looks like a stock that is worth being in for a few months with more upside potential than downside risk.
Of course I do feel for LTH who have been in for a few years at higher entry points and hope the recovery continues and you get back on level term in due course
GLA