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Ah, hourly chart vs daily - I see your point. And I didn’t mention the previous month’s 50% barrier.
What next - not exasperated - just askin for thoughts. Void any positive news, I see the current 2-up develop into a 3. May even test last year’s low (the faint hearted should look away) at 8.50.
Never advice. DYOR
Xenor… are you knowledgeable in the STRAT?
The most illustrative timeframes for this share, at the mo, are the monthly and weekly IMO. So far this month we’re 2-up. But we’re close to the previous month’s 50%.
Sara Strat Sniper discusses what both of these situations mean and could mean on her YouTube channel.
Never advice, always DYOR.
Si, just wondering/observing if we’re now seeing a test being completed on that upper diagonal line? Time will tell of course, and the day is still young, but it looks interesting nonetheless to these old eyes.
Never advice.
I don’t know how many on this board are aware of, and utilise, the late Rob Smith’s trading concept which he called the STRAT. I’ll post a chart on Sunday, if that’s okay, using his technique and why I think that a dip below 8.5 could’ve potentially been a really good thing. It’ll also show where the battle for the share price may take place.
As always, never advice.
Well done, Si. Was wondering, after posting, whether I should’ve posted again. Am sure TOH would love a trip to the States, but I’m positive they’ll not appreciate going there every week (or making their own way there either).
Have a great day.
The conundrum going forward, as I see it, should be the opposite of the past c18 months. By that I mean, and in hindsight, the significant RNSs re FSS were followed by a vacuum and we’ve drifted lower.
Over the next two years and on road to 500, then any future RNSs should follow more positive news, and income, and then the SP shouldn’t drift down - otherwise the ‘Road to 500’ are just meaningless words. But what do I know?
As an aside, I’m wondering whether the low, 9.30 is now in and the test of 8.5 is complete - again what do I know? Incidentally there wasn’t any interest thus far in holding it at or below 9.3 (just a few hundred shares).
No advice. Happy to be right in this instance.