Member Info for NoelShempsky

Strange trades yesterday. Dozens of trades all for 100 shares, then the usual trades of zero shares.

I started this thread - "'m getting ready to buy FLX" - because I saw what was possibly the start of a flag or a pennant on the price chart.

Well, I'm not buying yet. The chart is strange. It isn't the usual flag or pennant shape, but it is close. I don't trade unless the chart pattern is crystal clear and leaves no doubt.

I thought the Moon was in the opposite direction. Ha ha.

I like to try my hand at technical analysis \ reading the price chart to help with my trading. I'm not an expert but I recognise four or five, maybe six patterns and, in the past, have had a bit of success from spotting them.

However, my suspicious nature makes me think that all those trades with zero shares have a distorting effect on trading and therefore TA won't be of any use with AUY, but look at the chart from 6th Jan 2021 to 1st March 2021.

I see a flagpole and flag. 26 Jan to 12 Feb is the flag, so the drop to1st March could have been predicted by analysing the chart.

So I will make a wild prediction. If1st Sep to 7th Oct was a falling wedge, then the breakout could take the sp back to 440p.

Please note that I usually like to see a pattern that is crystal clear and beyond doubt, but this one isn't. Also, I only recently spotted those zero trades and don't know if they were happening back when that flagpole and flag formed. Could they have started only recently and they do, as I suspect, have a distorting effect on the price chart.

Any discussion welcome, as I say I'm not an expert so any help is welcomed.

This is a "Must buy" stock.

So far today, no trades with zero shares.

This breakout looks convincing to me.

That tutorial on falling wedges says "While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure."

Along with the jump in the sp, the volume in ECK has leapt, making me think this is a good time to buy.

I am not an expert, so please DYOR. Worth reading -
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal

Just look at them - nothing to say about the company. All they post is stupid remarks - and they had the nerve to say that my posts and those of FK1 were drivel. Their hypocrisy is shameful. roly is the worst of then - an arrogant, bigoted liar, hypocrite and vicious bully.

And it is intended to bankrupt the West -

Janet Yellen Admits The "Net Zero" Grand Reset Price Tag Will Be $150 Trillion

https://www.zerohedge.com/markets/janet-yellen-reveals-net-zero-grand-reset-price-tag-150-trillion

A reality check about "green" energy - engineering facts on why it won't work and the fact that the world can't produce enough specialists metals to make it work - and see the last one to see how "green" it really is - it isn't.

"Joe Biden's Offshore Wind Energy Mirage"

https://www.zerohedge.com/energy/joe-bidens-offshore-wind-energy-mirage

"The Inefficiencies of Electric Vehicles, Wind and Solar".

http://blog.gorozen.com/blog/the-inefficiencies-of-electric-vehicles-wind-and-solar

The warmists live a fantasy land -

"Magical Thinking About Green Energy"

https://www.oftwominds.com/blogsept21/magical-green-energy9-21.html

"Mines, Minerals, and "Green" Energy: A Reality Check" by Mark P. Mills -

https://www.manhattan-institute.org/mines-minerals-and-green-energy-reality-check

and as proof of the bluff the greenies give us bio mass is worse than coal -

"UK's biggest source of greenhouse gas? This 'eco' power station! Drax in Yorkshire burns wood pellets that are treated as a 'renewable' fuel but emit more carbon dioxide than coal, research shows"

https://www.dailymail.co.uk/news/article-10073987/UKs-biggest-source-greenhouse-gas-eco-power-station.html

The AUY share price has just reacted - very nice - lots more to come! - and I rarely use an exclamation mark.

The gold price has leapt - the CNR share price stays asleep. Enough said.

Unbelievable, the gold price has just gone into orbit (slight exaggeration, but it is a big jump) and this share doesn't react.

Thanks Rooky, and your point taken too.

As I say, I am not an expert, it is just when the pattern is really obvious that I trade it. Sorry if I've just pushed this too much now.

Drat - that should have been - I'm not going to totally disagree with you.

and I'd like to add - as per your point, yes, when it comes to AIM stocks we rarely get clear patterns, so I can see your point .

Regarding "I do feel they are very little help when it comes to AIM shares" - you have a point Rooky. I'm not to to totally disagree with you, but I made a really good profit on ECK a couple of years ago when I spotted the double bottom reversal. The pattern was crystal clear and that is the key point. Don't trade uncertainty, only try to trade when the pattern is shouting out

This a point I'm trying to make about this falling wedge. Don't try to trade it until it is properly formed and certain.

Here is a very eminent and respected man a Nobel Laureate in Physics who says; "Global Warming is Pseudoscience"

He tells you you the facts that the MSM keeps hidden from people so they believe the global warming mtyhs,

https://www.heartland.org/multimedia/videos-climate-change/nobel-laureate-in-physics-global-warming-is-pseudoscience

Could this be the catalyst for the breakout from that falling wedge? Time will tell.

That Stock Charts article has a warning about false breakouts, so I'm not going to buy just yet.

There will still be good gains to made even you wait for confirmation.

BTB - "I don't understand why carbon dioxide has been thoroughly demonised. CO2 is the gas of life. NOTHING can live without it" - when they have an agenda to serve, facts don't matter.

71 trades today but very few had and volume - the rest were all zero shares traded. I still don't like it.