Member Info for MyrtleMan

Thanks Damay.. The way I see it..

First resistance: 4.76p - 61.8% Fibonacci retracement from the Feb high to the March low.. We're currently hovering either side of it
Second: 4.90 ish - the resistance in Feb on the way up and March when it tried to rebound from the slide off the high
Third: 5.64p - the 78.6% retracement, which also is the high from the day the PP was granted and was resistance in Oct-Dec 2018
Fourth: above 5.64p there isn't much to stop it gapping to 6.75p, the Feb high
Fifth: If we really start to motor, then 8.80p and 10p are the next targets/resistance areas.. Plus a gap to close at 10.50p..

Market Makers are deliberately keeping the spread wide with the bid just at the trendline, trying to force sells to take it lower. If the buyer keeps lifting the offer though, they will not be able to keep it down there and could be left chasing their tail..

They're trying to break it down below the trendline at the top of the channel going back to the early May lows (and another trendline from the March lows) around 4.40p, hitting the bid on a MASSIVE spread on small sells, but it's holding well and bounces back to the ask every time. A close at the highs should see us push over 5p by the end of the week. The formal PP and govt grant must be coming, there is a lot of demand all week here.

We're through the 4.76p it seems, they're now tackling the 4.90 resistance area from Feb/March.. if we can get through that we really could fly above 5p.. relentless buyers today, great to see. Good looking 'gap and go' on the charts too, after closing above the trend channel yesterday. I think this could have a lot further to run in the coming weeks..

Smallish volume going through, but the bid keeps rising.. 4.70p bid now, 4.78p trading.. Would be nice to see this buyer push it through 5p today..

4.40p was an important support/resistance line from Sept 2018 to June 2019.. a close above this level would be very positive too.. stay strong in to the close VLS...

4.30p hit. Now let's kick on VLS, we need you over 6p where you should be

Textbook retracement to the upper trendline in the upward-trending channel.. almost reached the 4.30p target. Some more points of interest.. we topped out this morning around the 50% retracement from the Feb highs to the March lows at 4.14p. The 61.8% is at 4.77p, an area that became resistance in late Feb and early March, and its the obvious next target to take out. The 78.6% is at 5.64p, basically the high from the PP permission spike higher. One last interesting point of note, if we close anywhere above 3.88p it will be the highest close since March 11th, before the Covid collapse. That would be another very positive step to continue this upward trend we're now in. GLA.

hopefully they are waiting to hear on F4C to make them look a lot better with more cash in the bank..

They took it down to test the trendline from the March lows at the bottom of the channel, the trendline that also held the early May lows. The line held and maybe now it will start to trend back upwards again. After a lot of selling earlier in the day, it was mostly buys in to the close. 3.25p was also a support/resistance line going back to 2019 and it just closed above that. The upper end of the channel, which should be the first target is around 4.30p, then if it can push above 4.5p it will look a lot better.

A last-minute sell at 3.51 just to knock it back from the 3.80p it hit just before the close so we get a low print on the close.. same BS every day from these muppets. Clear from today's action though that the seller is not done and is camped in the 3.60s.. a sea of buys all day and it doesn't budge.

Literally as I was writing this it has popped.. hopefully it keeps going now

There's also a bullish diamond forming on the 30min chart, it's really looking like it's poised for a pop higher...

Good support coming in from the trendline from the March low around 3.82p. There is also an inverted H&S forming on the 30m/1hr charts with the low from last week as the head.. the target would be around 4.80-5p.

After a depressing start to the day, it does look indeed like the big seller is done. He has been lucky in a sense that there have been almost 200m shares traded in the last 2 days, it would have depressed the share price for 6 months or more if he wanted to get out in normal circumstances. It reminds me of the crush down to 1p in November when the Woodford Fund liquidated, but this time they could only take it to 3p and not 1p.. Technically, they tagged the trendline from the November lows exactly at 3p, and the upper line of the channel from the October low trendline sits at 3.96p currently, it capped the rise on the funding news and also where we closed on Wednesday at 3.90p. Need a decent close above 4p in order to launch off this sup/res line so it can push back towards 4.50p - 5p at the minimum. The level of demand this week has been phenomenal, such a pity this moron of a seller has been so dogged.

Claiming to have traded over 54m shares today so far, lots of institutional interest it seems.. that's almost 80% of the volume

Really would like to see this shoot over 5p to really gain some momentum.. it's a very slow rise so far (albeit +30%+!)

Big buys haven't been appearing after the close, almost no trades go through after the close, do you not know VLS very well? So who's selling then at these prices? Millions and millions of shares, when everyone thinks it will fly by the end of this week with PP..

Non-stop buys, including two more of those 1m share blocks, just like last week. Yet the share price isn't moving. Can anyone shed any light on what might be going on here? There have been at least 5 or 6 of these round 1m share buys in the last 3-4 trading days, and the buying has been relentless.. It should be up around 4-5p with this sort of demand, yet here we are lower than the spike up after the funding news.

50 day SMA supporting it around 2.89p, (also the 20-day mid BB at 2.92) but we need to get back above 3.40 to retake the trendline from the March lows so it can continue higher and clear the resistance from Jan, Feb and April around 3.15-3.20p..