Member Info for MyrtleMan

We're working towards the apex of a symmetrical triangle here on the 5-min chart, we could break higher by 11.30.. potentially could take it to 1p or higher

Our buyer is back, he's now buying in 1-1.2m chunks (roughly same value as 2m at 0.4-0.5p).. let's see where he takes it..

John077, basically what I said earlier re. the CLN and the RNS..

The insiders need to make sure they have filled their boots before they release that information Moab!

2m buyer has been coming in around 9.30-10am, so patience..

Gapped above the 2-day MA on the open, the 61.8% fibo taken out, and we're now breaching the top of the downtrend it's been in since 2022.. Almost yesterday's total volume done by 9.15am, could be another 30-40m day. We are now basically scraping the previous lows from before the drop, the 37-day MA just holding it for now at 0.82p.. The 9-week MA at 0.90p is the next hurdle to overcome (also the previous support level), the 9-week has capped it and kept the pressure on to the downside for over a year.

Why the big bounce? Well, the drop may well have been a massive over-reaction.. down to less than a £5m market cap?? As I said a few weeks ago, the strength of the bids at that level showed that this wasn't dead in the water, someone or several people still believed in this business.

They iterated in their RNS that other ongoing discussions were still taking place, companies were doing due diligence etc. Just because that deal fell through with the convertible note, doesn't mean other avenues are being explored.

And yes, my gut feeling is this could be being lined up for a takeover - even if they paid 4p a share, they are getting the company for under £65m, a bargain if the long-term future of the business is secured and they can start to deliver on the promise. I hope for 4p a share at least, averaged down to 1.7p from much higher during the drop, will be glad to make a nice return on this and get out!

My target for now is still 1.27-1.30p.. If you'd have followed my Fibonacci ramblings since this was around 40p last week, you'd be up about 120%... #letsgo #casino

Closed exactly at the 20-day MA, which has been a major point of resistance forever.. If we can trade above and stay above, it would be hugely positive for momentum. The upper line of the long-term downtrend channel is not far off now around 0.78p, with the next Fibo target at 0.83p just above that. Anyone's guess where we actually go if good news does follow, could easily pop towards 1.3p.

And there's the 61.8% Fibo taken out too.. like magic.. if it can only climb above 76-80, then it should close the gap to 1p in short order. If you don't think there's something going on in the background with 100m shares traded in the last 3 days as aggressively as this, you're not paying attention..

50% retracement taken out and the 20-day MA tagged.. here we go.. Nice 100%+ move in a week..

Actually 0.82p is the 37-day, 20-day is at 0.65p, very possible today with the way it's moving. Big gap to close to 1p too...

Ring the bell.. popped between 2-2.30pm... now let's see it take out 0.61p and 0.82p (20 day MA)

They've been buying in 2/4m chunks for 3/4 days now. They're obviously fishing around in the dark pools looking for sellers and getting matched in decent chunks. Someone happy to unload, but this guy is happy to keep taking it all. We could see it pop higher around 2-2.30pm, my wild guess based on price action. As for this not being backed by any news? We'll probably hear it next week when this is trading around 0.075p or higher.. #casino

0.5p and 0.6p of course... wishful thinking... :-/

2m buyer is still nibbling away. Only a matter of time before the 51p level is breached and it should shoot straight to 60p, bull flag target and 50% fibo retracement of the drop.

Decent volume going through again, 4.3m lifted off the offer, around the same time that 4m shares were traded Friday.. let's see if the volume continues, buyers mostly biding their time for now..

Can they afford the flights and the hotels and Henriks's substantial expenses?!

1.1m on the bid too..

Another 4m trades in 30mins, big chunks being taken now on a big volume day.. If it does properly start to recover from these lows, then 51p (38% fibo retracement from the 1p-0.2p drop) and 61p (50% retracement) are the obvious targets, with 70p (61.8%) after that. The 0.70-0.75p area would also take it back to the top of the downtrend channel it has been in since Sept 2022, a break above should see it shoot back towards 1p. All of this is news-dependent though, RNS eagerly awaited...

I am pretty sure a lot of shareholders are in the exact same position as you, what they are holding is hardly worth selling and the little value they still hold is like holding a lottery ticket now, one day you might win..

Significant in that the sellers seem to be stepping back a little and there are solid buyers who keep reloading on the bid and are taking any significant-sized offers that come on the ask. In fact, there have been solid, big-sized buyers for a number of days now, and millions and millions of shares have changed hands.. some are clearly still believers in the business, and maybe they also know something the rest of don't (today's price action would definitely suggest that).

Having said that though, despite there being over 22m shares traded today, that doesn't even come to about £80,000, so not exactly something to get too carried away with. Let's see what happens for the rest of the day and when the US comes online, and on Monday, whether there is follow-through/news.

4m clip bought at 0.378p

36.6-44p spread now, definite buyer in the market today..

They want it today..