Member Info for MyrtleMan

Google?!?

Looks like good news, yet the sellers will not go away. The share price has barely moved really on the news and is still down 10% on a month ago. Sell after sell, heavy seller camped on the offer taking any buys that come their way. What is it that these 'pros' know that us saps don't? Probably another placing is what it looks like to me, possibly at 4p, incredibly, given that the shares were hoovered up last time at double the price. It really is bizarre how this company is still behaving like it was towards the end of 2019 when it looked like the lights were about to be switched off, given all the positive news we've had in the last 3-4 months. I guess concrete commitments of matched funding is needed to instill some confidence that we'll ever see the govt grants, but surely that's a formality, you'd think. I'm scratching my head at all this.

haha.. there he is.. like clockwork. Yeah Bechtel have gone to all the trouble of engaging in this agreement with VLS, even though they know they are doomed to fail and not get any funding. Jog on pal

Wanted more but sat on the bid at 4.01 :-(

Just a few levels to watch, 50day is at 4.64p, 100 day has capped the pop so far at 4.96p, then the 200 day is just at 5.11p.. we need to get above and stay above 5.12p to gain some momentum.

Cheers 2Phevs. Coincidentally, and very luckily topped up my stake at 4.10p when offered there around an hour before the RNS.. Great news for sure, but it seems that no good news seems to stick at the moment, literally touched a 52-week low below 4p just before the announcement. Let's see if this gets some traction and finally swings the sentiment to a more positive one.

He's too busy scrambling to cover his short

snap Fitzy, great minds..

Nice £50K buy above the ask at 7.07p earlier, these large trades have often seen follow through later on, let's wait and see.. Looks like a decent seller at 7p is keeping a lid on it for now, but the bid also looks strong around 6.70p

MMs are trying to keep a lid on it for now. I am not sure about a spike from the event, but maybe a continuation of the trend as some attendees return to their trading desks and start nibbling (if they are impressed, of course). Would be nice to close the week out above 7.10p and at another new weekly high close.

For every seller there's a buyer! I wouldn't pay much attention to that, I've bought shares myself in this in the past, and the transaction has shown up here as a sell..

Thanks, I'll pop my thoughts on here when I can. Very happy with the last 6 weeks or so, topped up at 4.20p and up 69% on that lot. Will sell at 16p again like I've done twice in the past (and 18p too)..

1.7m shares traded in 10 mins incl a 500K and 343K chunk..

DING DING! £100m market cap again.. now it gets interesting again...

7p bid now.. we've broken well and truly above the 6.92p resistance... almost makes me think the Tory faithful are loading up, knowing something about a potential policy announcement re. SAF and Velocys.. The volume and the climbing bid only really started kicking in around midday, strange that it only started then and not from the open.. someone knows something, you can be sure of it. Some huge buys coming in, 3.5m shares traded, most of which has been in the last 3 hours or so.

I understand and in parts agree with what you're saying, especially when the volume is very low. When it is up in the 2-4m every day, and it starts to trigger some TA alerts like passing the 50day SMA, 100SMA, upper BB walk etc, then technical traders can start to get involved. I've found, if you go through my posts over the last few years, that when this starts moving, it does zero in on specific levels, as it has done in the last month again. There may be an element of self-fulfilling prophecy about some of it, but as long as it carries on starting to generate signals and hit levels I put out, I'm happy to keep analysing and putting out my thoughts. Another important point to note is that we are currently looking at the highest close in 9 months, a pretty significant and impressive bounce from the recent lows.

6.90p bid.. here we go.. oh and by the way, we're only 3% away from being a £100m market cap again.. the stars are aligning....

Also, just to add, we're potentially less than 2 weeks away from a 'Golden Cross' when the 50 day MA cuts the 200 day MA from below, the last time it did that it coincided with it moon-shotting from 8p to 15p in 2 days, and the time before that in 2020 it was good for a 43% jump in 2 days. On the downside, there should be good support around the 6p area, should it pull back a little. All we need is one bit of good news again and this thing is like a rocket prepped for take-off.

Hi all, a brief technical update from me. So it's hit, and is stalling at the 6.94p level I marked as a target first back on the 2nd Aug when it was trading at 5.35p (+29% from there). This has been a key supt/resist level going back months and months, and has generally seen it shoot higher once it breaks it.

It is currently trending higher very nicely along a trendline drawn from the 15th of July lows, which currently sits around 6.74p. It is also being supported by the rising 50-SMA on the hourly chart (currently at 6.58p) and is heading towards the apex of a rising triangle on the hourly chart, which could well see it shoot higher, once breached. Upside targets are now 7.50p (a strong supt/resist line going back to July 2020) and then around the 8.20-8.30p area, old highs and also the top of the uptrend channel from the July lows. Above that, a big target is also around the 9p area, which would see it retake the uptrend channel it was in from the July 2021 lows until Feb of this year. After that, 10, 11 and 12p are all in sight.

There is also the 38% Fibo retracement level from the Nov spike high to the lows at 9.35p and the 50% at 11p. RSI is still strong, but not overbought, and the MACD is trending nicely above its signal line. Stochastic is overbought and the Williams %R is in overbought territory, but that's not necessarily a sell signal, just confirms the trend is strong. GLA

yeah 'tops and his followers' are buying 100K and 200K chunks.. The climate bill has been signed in to law today by Biden, that's why the volume and the strong bid. This could carry on as the word spreads re. SAF and the beneficiaries. The MOU's will become signed off-take agreements now, and more should follow suit.

A key level is going to be 7.34p, as above that it becomes a £100m market cap company again and certain hedge funds, investment funds, etc will be allowed to start buying it again (many have restrictions on investing in companies with <£100m market cap). That's a 28% rise from here, which is very possible given a little bit of news.

If it can get above 5.94p it will clear the old support/resistance line, but also retake the uptrend it was in from the July lows, which could see it head up to the next key point of 6.92p, which also coincides with the upper trendline from the lows. The 100day and 20day MAs are supporting it now at 5.27p and should hopefully help it trend higher. Let's hope the bid stays strong today and we go in to next week above 6p..