Member Info for MyrtleMan

Very strong bid today that just keeps ticking up and up.. It has to clear the 5.70p - 6p area and we could be off to the races. The bid is now above the 150-day MA around 5.50p which has been pinning it down for over a week, so that hurdle has been cleared for now. 5.94/6/6.20 the next targets

We stalled this morning around the 5.94p level I had highlighted 2 weeks ago as a possible target/area of resistance. We've now pulled back to test the uptrend from the July lows, and also the top of the apex of the pennant it just broke out of. As long as we hold the 5.60p area it's actually a healthy pullback to test and 'kiss yo momma' the support area to propel it higher again. If you're not long and thinking about it, that tight spread with an offer at 5.70p looks a great opportunity..

They already have a foot in the door in Japan with Toyo

The Climate Bill has passed the house and is on its way to Biden's desk to be signed. We were held down by the 150-day MA all week around 5.69p, but we're coming to the apex of a bullish pennant and a little jump higher on this news Monday could well see it shoot up to the 6.50p level or even 6.92p..

doesn't easily fail, like Brexit you mean MV? :-)

We've seen this script play out before.. a big up day with bog volume followed by the market makers playing games and deliberately pulling down the bids to scare some sells. There's still big volume going through, some big blocks of 250K etc, so it looks like the market makers have big orders to fill and are keeping the price down for now. Once they're done, we could see it take off again like in the past when they've played this game before. Just don't give them shares cheaply and they'll be forced to lift the bid.

huge trades going through now, 258K, 172K, 174K, 125K, these guys are not messing about today, they really want this. 6.5m shares traded. Market makers trying to keep a lid on it, keeping the bid deliberately low, but any reduction in the offer is taken in size.

That has nothing to do with the rise.

5.50p, 5.78p, 5.94p and 6p all taken out as volume keeps coming and the bid keeps rising. Bid is now above the 20-wk and 100-day MA, with a small bit of a pull-back to the 150-day MA at 5.64p now, but that probably won't last long. 6.92p is our next big target this week.

3m traded by 11am, with some proper large 6-figure chunks going through now.. the smoke is starting to turn to a fire.. it's starting to look like deja-vu with this stock again, we've seen the pattern several times in the past.. will we get the blow-out surge again to around 15p when they announce a big off-take agreement in the coming weeks?! Wouldn't surprise me, they must be working on other deals. And remember, a director bought 200,000 shares not so long ago..

Not a bad start to the day, 1m shares traded by 8.45am, almost 2m by 9.22am. We're bouncing around the 100-day MA at 5.25p, with a strong bid at 5.23p, and we've well and truly broken out of the downtrend (it came back to test it and has accelerated away now). Once we get the bid above 5.25p, we could really start to take off. 5.50p is the first target, then 5.78p and 5.94p, previous support and resistance lines. Once they're reached, there's not a lot to stop it popping to 6.92p. the high in Feb and March/supt in Dec 2021, and after that 7.50p. We're also sitting right at the 20-week (middle of BB) average at 5.27p, it has been pinned down and not been above it since mid-January 2022. Upper Bollinger on the weekly is at 6.42p.

Well now we know someone did know something about this bill and its details, this is big news alright and I'm surprised we're not higher. Having this governmental support to help airlines take up the transition to SAF is absolutely vital to the success of SAF as an industry, and it now looks like the US will be giving it the green light next week. Expect other nations to follow suit and there will be global support for SAF. Also, other potential investors/airlines should renew their interest in SAF producers, as one of the risks will have been mitigated. We're currently looking at the highest weekly close in 7 weeks, we're above all the short term moving averages, clearing the 50-day at 4.86p and heading towards the 100-day at 5.25p. It's trading above the upper Bollinger Band and the MACD is looking positive and heading towards a cut of the 0 line in to positive territory. Next week could be interesting.

The buyer reappeared this morning, buying 19000 chunks this time. Some numpty decided to knock it down to 4.46p when this guy was happily paying 4.69-4.90p but that didn't last long (only 25K shares traded down there, well done you). We're back up to 4.75 with 550K shares traded in the last hour, with two 1 trade signals thrown in as well, they're feeling around in the dark for liquidity. Definitely worth watching, we know this thing moves when it moves..

So it looks like we're in an auction or something as nothing has traded in 30 minutes.. the last trade was for 1 share, a signal of some sort probably? Anyone with live access know what's going on in the market right now, I don't have access to BBG at the moment.

He's stepped up his volume to 28,000 clips now and we're now up to 4.8m traded (1.3m in 30 mins).. something's afoot... who knows what about govt policy changes maybe? On the flip side, someone is selling a lot too..

Some of those 23,000 trades are going through as 10,967 and 12,033 (23K).. over and over again

Volume picked up a little on Friday, and today is already at about 300% of the 2-month average, with over 3.5m shares traded (200K in the time it's taken me to type this message). Interestingly, whoever is buying is leaving a very clear trail that they want a lot as they are buying repeated chunks of 23,000 shares.. over and over again. The SP has been coiling upwards over the last week and is potentially heading towards a breakout of the downtrend it's been in for months. If it can clear 5p we could easily shoot back to 6p and higher. Remember, with this stock there's often quite a bit of smoke before the fire, there's potentially something brewing that we might find out about in the coming weeks..

What exit by Abramovich you monumental bell end? Try again you disingenuous prat. He still has almost 10% of the company.

We're currently sitting on the 20-day (middle of BB) moving average at 7.81p, resistance is coming in from the 50-Day MA at 7.96p, if we can stay above 7.81p and push through the 50-day, then we should be in good shape. 9.10p at the top BB and closing the gap from the 25th November is the obvious and attractive target, then 10.10p and 11p, the old support/resistance lines are the next targets. RSI, MACD and Stochastic are all looking positive again. Interesting to see that despite the sell-off the RSI never went near to being over-sold. It was over-sold on the Stochastic, but that has turned in to positive territory and looks good at the moment, with room to keep going

Oh don't worry, he'll tell us all now that he changed his plan and bought loads at 7p and below.