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@bankrupty - I follow JRS - how are they still trading? IDGI. Their NAV yesterday was 40p (estimated because there's no market) yet they were trading at around 80p, weird.

@cleverthoughts, 5 min chart is interesting, it's been in this ascending channel for a few days now : https://invst.ly/xly1e

iweb sharedealing is a low cost platform and you can still buy and sell on there

@maverick - which gap? What timeframe are you looking at? The price spiked down to 67p ish in the last hour so it's filled the gap up from this morning's open.

craigmccollum - yeah i noticed that too, anything is possibe but it seems unlikely. It's currently bouncing off the top of that channel at £1.03 ish.

craigmccollum - there's a lot of support between here and £1, it might bounce before it gets there but yeah, it's possible.

nimrod - I posted this ast week: we've seen a breakdown of a head and shoulders pattern with a neckline around £1.19. The price has now broken down through the steeper trend line that had formed since the start of this year and may revert back towards the longer term trend channel that formed through last year. We might see a retest of the low at £1.09 and if that fails then reversion towards the longer term channel and possible test of support at £1. Chart: https://invst.ly/ua5og

Now is fine for a buy and hold investment but for me it's less attractive for a short term swing trade since I don't think we'll bounce far from this level - i've been wrong many times before so it's just my opinion but I think we'll test 1.09 in next few days.

Markinvestor: £1.09 is where the next support is, the price bottomed there previously - look at the chart. I completey agree, the fundamentals look good, I'm not predicting the end of the uptrend. I'm just talking about the recent price action/chart pattern and speculating about where this dip might go to and a good entry point for a long position.

Absolutely, golden rule never trade against the trend. I'm a buy and hold, reinvest divis, get rich slow kind of guy, but i do have an allocation for trading that I take shorter term positions with, just to keep things interesting. I've got a core holding here and I'm also trading the up-swings with a much smaller stake. As for PI's losing money, I think that tends to be very true when you get into day trading cfd's, spread betting and other leveraged instruments - it's a rigged game, not one that I play.

@markinvestor - just technical, we've seen a breakdown of a head and shoulders pattern with a neckline at £1.19. The price has now broken down through the steeper trend line that had formed since the start of this year and may revert back towards the longer term trend channel that formed through last year. We might see a retest of the low at £1.09 and if that fails then reversion towards the longer term channel and possible test of support at £1. Chart: https://invst.ly/ua5og

@velo - yes I am long

i'm joking ofc, I'm not short on this, i'm not completely mad.

oof there goes 57p - next stop 52p

I'll close mine if it does ;-)

Yeah so previous lows which could provide support are at approx 57p, 51.5p, 49p and 44p - my guess is we might see 57p fail and then bounce off the 51.5p level.

I agree but it just looks like that level is beckoning on the chart, if 57p goes then next stop 52p.

On the cards

We could get near to £1 in the next the week or so - a close below £1.16 today could mean a test of the previous low at £1.09 and if that fails then next stop £1.

Strong results - eps coming in at 87p compared to estimated 60p. 48% hit on PBT but almost entirely due to covid impairment provisions.