RE: Upward Trend4 Apr 2017 20:29
Hi Monkey, I know nothing about BZT and can hence an opinion from the TA, it looks to have been in a downward trend since Sept 2016 and is making new historical lows. If its fundamentally safe and sound, this would not be the point that I`d look to sell up. If I am going to bail on a failing share, I`d want to give up on the next up cycle, not on a record low cycle.
Last year I sold SAR at a £700 loss, I decided that it was pointless and sold up after buyng a small amount at 0.19p, which was historical low. Then on the next up cycle sold the whole lot at 0.61p, it was painful but at least I sold in a upcycle and got a bit extra back.
ARS has broken free of the daily, weekly and monthly kumo clouds. So there is nothing holding the mms back, once a 5.8p close is broken. So a 6p bid is my next target for my lowest trance.