Member Info for MyrtleMan

that's b***x, pay no attention to that. Someone was buying all morning, stepping the bid up from 7.20p to 9.20p and all the buys he was making were marked down as sells. There was a strong buyer, he was met with sellers.. are they buys or sells??

looks like someone wanted to dump 500,000 and in order to get it done they offered 7.40p.. was done and quickly rebounded. Looks like the same has probably just happened with the 8.25 print.

What happened there? We were 8.62-9.90p spread, trading at 9.02 and suddenly it trades at 7.40p.. false print?

I guess we open around 5p tomorrow then?

who cares about his thoughts, don't invite him back.

Appetite is there from a buyer.. it briefly went 11p offer and he lifted 100,000 shares straight away. He's playing it patient, hoping for some sellers to come fill him (he's now sitting in the dark at 10.95p by the looks of things). If the offer starts lifting though we might see him having to chase...

Spread is really tight though, 10.925 - 11.09, suggesting there is buying pressure down below, the MMs aren't dropping the bid at the moment.. If we can get through 11.09 and 11.25, this could start to tick up slowly.. happy for it it steady like this and creep higher. The momentum will come with a renewed uptrend. The FOMO crowd will come back.

We've managed to break out of the downtrend channel by virtue of time passing and the stock price ticking up a little.. if we can just get a little nudge higher, 12p is the next target, which would be a nice start to regaining upward momentum. Not a lot of action going on though, so if an impatient seller comes in we could be back at 10p again to retest the trend channel.

Completely agree.. this is a great find and a good story.. yet more evidence that Shell could very well be taking over VLS in the not-too-distant future. It would make complete sense..

10.55p was not the close. Last trade before the close was 10.90p and there was no auction action. The price here is just the bid price. I don't mind today's action, it closed up 5.8%, steadying the ship and forming another spinning top which could suggest we could move back up tomorrow. The sellers appear to have dried up and should we open above 11p tomorrow it could signal the breakout of the channel we've been in.

If we hold around here, I'm hoping/expecting a close around 11.50p if the IIs come in in the closing auction again. Very low volume trades going through, if they want to get a bit of size done they will have to go fishing in the closing auction.

The 50 SMA on the Hourly chart is at 11.83p, it supported it briefly on the way down yesterday at 10.75p and held it down this morning around 11.50p. That is our next target, to try to get above that, that will help to maintain upward momentum.

And just to say, for my 200th post (!), that we look to be coiling for a break higher here. The trendline is now only at about 11.40p as we move from hour to hour, so a close above is very possible if we get some afternoon buying like we were seeing for days before the pull-back.. A close above would signal a nice trend reversal again and we could head back towards the highs by the end of the week.

Hi all.. I'm back.. :-)

Last two days have been very annoying more than anything else.. yes, we were due a pullback, we had rallied 200% in a week or so.. yes, we had hit major targets I had put up like 15.50p and 16.70p, but I didn't expect such a violent pull-back. To me, the story hasn't changed, and yes, there is a combination of skullduggery by the market-makers, widening the spreads to sometimes more than 10% and triggering stop-losses and panic-sells and also more panic-selling by those who bought at the higher levels last week.

Technically, they have marched it down a channel from the highs, zig-zagging it off the bottom and upper channels, with a false breakout to the downside yesterday to trigger the stops below 10p. It tagged the 61.8% retracement of the climb from the 12th June lows to the 17th June highs at 9.26p, but formed a nice reversal Doji on the hourly candles in to the close yesterday and the close above 10p was key.

Nice start today, nice price action to take it up to the upper band of the channel again, and they are trying to break through it. Panic-sellers seemed to have calmed down today now that we are up 10% again and maybe we might get more come in who are afraid they'll miss the boat again. Someone is accumulating in the background and yesterday's shake managed to fill a lot of buy orders for the MMs. We need to break through 11.70p or so to break out of the channel, but if we do we could get a pop up to 12.14p pretty quickly and 14p could be back in play too after that.

3 times it's bounced off it this week.. if we do follow the pattern of this week we could well retake the trendline around 15p again today.. also, if we happen to get back to the highs in the next few days, this will have been building a very nice bull flag, with the possibility of a much higher target of 23p based on the move from the base of the flag pole..

Expat, or should I say Noah, has revealed himself to the world. If he hasn't written this for SeekingAlpha, then this Noah guy must be his biggest fan..

Summary
Velocys PLC has risen around 200% in the last week.

The recent news doesn't justify this rise.

There is still a long road into production for the plant.

Recent move is based more on incentive rather than the fundamentals of the company.

The company continues to maintain high cash burn.

Velocys PLC (OTCPK:OXFCF), the UK headquartered company which aims to enable sustainable fuels for aviation through waste to fuel conversion, has recently seen its share price explode. This share price rise is not justified given the news released. A total company valuation of £90 million+ is overvalued, to say the least, at this point in the company's development and when considering its overall forward-looking pipeline.

More on SeekingAlpha. Wouldn't pay too much attention to him though, looks like he's still in school.

Mr. S - I just realised today that I made a mistake with the Golden Cross.. I had inadvertently used the 100 day instead of the 200 day on my chart.. so it was the 50-day crossing the 100 day I saw.. Still technically a significant Golden Cross, but not the 'Golden' Golden Cross if you get my drift! The 50/100 cross is still significant and it happened yesterday, which would have helped with that surge, and maybe even in to today's rise again.

As for the 50/200 cross, well, the 50 day hasn't fallen below the 200 since the 19th Feb, which triggered a prompt rally from 4.77p to 6.67p in the next two days.. The fact the 50 day has stayed above the 200 all this time is positive and the 50 day in now starting to steeply follow the share price rise.

16.67p has been the resistance today again, I sold 30,000 at 16.50p this morning and bought them back in two lots at 14.15p and 13.27p. I will be looking to sell them over 16.5p again tomorrow morning probably. If we do get through 16.7p, which could well happen if the FOMO chasing continues, then 17.5p and 18p could be hit very quickly. Then 20p and 26p are huge targets.. Let's hope it does get there, the missus is eyeing up a SMEG fridge for the new house for £1500... :-)

As for today's action, great start, very quick slide as the MMs screwed around with the bid, widening the spread to over 10% at times, disgusting that they are allowed to get away with that and not be limited to how wide a spread can be. Once they tagged the trendline that can be drawn from Monday's close through Tuesday and Wednesday's lows around 12.30p it started to stabilise and recover, trending up along the trendline in to the close, and a nice little jump in the closing auction. After what was looking like some very ugly hourly and daily candles, we had a great close with another up day.

The candle ended up being a big spinning top, which is hard to read, but in an uptrend it can be either a pause before continuing higher (hopefully) or it could signal a pause before a reversal.. I guess we'll find out tomorrow..

As Whitto said - as a company reaches a 3% threshold investment they have to disclose it to the market. Same for a firm reducing their holding..

And here comes the rush to the highs in the afternoon again.. hope some of you bought in more on the dip.. I bought back some I sold at 10p this mornig at 8.57p.. sell order at 10p again..

Sean- I use lots of different software and sites, but a good, free one is Investing.com. Go to the streaming charts and all the tools are on the left for drawing etc. Draw the Fibonacci's from there. The MAs you can add from the Studies section, just plot the 50SMA and the 200SMA and you'll see the Golden Cross about to happen. I called it in Jan and it jumped 150% in about a week or two after it