Member Info for MyrtleMan

A close above 3p would be very nice, set up the next leg higher.. We're currently looking at the highest close in a month and we're starting to break out of the triangular shaped consolidation. Looking good..

Hopefully once this 3p seller goes it will fly.. all the buys today have been between 2.98p and 3.02p.. Buyers still hungry.. We then need to test the 3.50p resistance and break through that - an RNS on funding or planning would be a great boost right now, could see a real scramble if they come through positively.

3p about to go here..

Steady, solid buying again today, 1.7m more bought than sold, almost no sells whatsoever. Trades going through at the offer too, buyers are paying up. We are coming to the apex of a nice triangle formation that it has shaped over the last 5 weeks, it looks like it could break higher between now and Wednesday, if we get above 3p, we might not come back below it again, save for bad news.

Think the Market Makers are playing games.. they know there is a seller out there and keep pulling away their bids and widening the spread. They are collecting shares at a decent level here. Hopefully seller will be done soon and we retrace back to the highs

They've come back to test the 200-DMA at 2.79p, holding so far.. hoping to get a strong rally in to the close again to push it towards 3.20-3.30p and the highest close since July of last year.

beautiful.. now to get back over the 50-week SMA tomorrow at 2.97p and we'll be off to the races again..

A close here or above (2.79p) would also be very positive as it would be back above the 200 DMA..

As I suspected last week, it was a bit of a shakeout to test weak hands from that 100% rally up.. Tested the 2.30p trendline from 2018 and it held well, consolidating on Thursday and Friday. Today we have had almost 10 to 1 buys to sells on the LSE and some chunky orders going through now. Can see this being well over 3p by the end of this week. Planning permission will be granted, the objections from the Enviro have been lifted, only minor issues to sort. Drax sniffing about and the F4C cash to come.. Onwards and upwards.

2.30 is the key level to close out this week.. that trendline resistance will hopefully now be the support that sends this back higher. A close above would be very beneficial.. A close above 2.82 would be even better, but that might be asking for a bit too much...

I would think that whoever comes in as his replacement will have green energy as one of his key targets, and if anything might push the partnership forward more in order to curry favour.

yes, good point, forgot about their share dealing accounts. Could well be some actual shares held and spread bets.. Definitely not with Spreadex though

Interesting to see that Spreadex hold almost 9m shares in this and IG Index hold around a million.. From my experience of the industry, this means that some people in the know have placed some chunky spread bets on this, especially with Spreadex who claim to be AIM specialists and have all sorts of nefarious characters on their books.. The trade with Spreadex was placed at 1.4p, so maybe they have closed some of their bet to lock in some profits. This is all on Bloomberg, will check the updated holding later on..

A seller early doors who had to dump 1.7m shares knocked this lower. They've brought it back to test the sloping resistance trendline from 2018 at 2.3 and it's holding so far. A bit of a shake out after a 200% run up from the lows is to be expected, but it will hopefully form a base here for another push higher away from the trendline. There was probably a lot of quick buck chasers jumped in on the hype alright, who are bailing now that it hasn't continued its run higher.

Could do with a little push in to the close to avoid a bearish engulfing candle and a close below the 200-day (2.82p).. come on buyers, where have you all gone?

Buy the rumour, sell the fact... let the dust settle, this should go back up.. in fact it's a good opportunity to top up here.. PP will be granted, just might take a few weeks more.

If it can get above £12.80 we could see it head towards £13.50..

Must mean it is about to fly.... :-)

WOOOSSSHHHHHH

50 Week SMA is at 3.03, that's the next one to break through and we're off to the races..