I'd prepared the next bit without realising I'd looked at ARC 9 months ago. Here's the blurb I was going to write tonight. Essentially, nothing has changed, so it's still a risky punt! ZERO idea what ARC do or why they bother doing it. This was a weird wee share I was asked to look at from a chart perspective and in every way but one, it's decidedly uninteresting. What is interesting is the fact the share is still listed on the AIM market. Chartwise, one would have thought it was going to give up the ghost in 2010 but instead has struggled along with a minimal price. Currently, it's at 0.15 of a penny. From a chart perspective, if it manages to struggle above 0.32207 of a penny, an interesting potential presents itself. It should spike up to as high as 1.12p. Definitely not a buy recommendation, just a suggestion that this lot may be of interest some way down the road. Do bear in mind I am suggesting the price MUST more than double before it becomes an interesting stock.
Noticed Lloy exceeded 35.2 today. This gave a 'higher high' than previous breakout and is something I'd regard as a signal banking sector is indeed recovering.
Traded RBS up from around 11p - eventually got trapped when I decided to believe my own flawed logic and held out for more than 57p before selling. Average now is around 44p. Bit of an oops moment. Been using sb's to get my own back on the way down tho'.
Given the gap in the chart prices, you may see a retreat indeed to around 21.6. Should this happen, I think I shall open a pretty firm long posit on RBS - already stuffed/invested at a higher level due to newbie stupidity in 2009...
Glanced at RUR's chart and all I see is a share which for the last 4 years has got lower lows. In its current state of malaise, I would suspect it's about to go down again. To even start to become interesting, it would have to go above 8.1p. What makes it so interesting to you both?
Took a long term look at this lot for someone today. If the price closes above just 1.85, a pretty good case can be made for 8p being the initial target. Like so many wee aims, lots of sleeping potential. I've been holding some in abject boredom for a while and if people are asking, maybe - just maybe - it will do something.
I'd be cautious with that. I'm showing target for the banking sector (NMX8350) as 3801. Currently at 3458. This mornings +130 point move was enough to propel RBS to 24.9, so from a charty view, it looks like uptrend now. Interestingly, the 3801 computed number ties in pretty closely with the next downtrend line on the sector - highs of July 1 and Aug 1 extended to current.
It didn't hit absolute bottom which is at around 63p to my eye. Perhaps a degree of caution may be in order as it may double dip before a serious rise. I think. Odd chart. Take it you've been keeping an eye on our other sub continental money pit, HRCO? I still show it wanting to get to 72p next....
Wow. I traded this profitably last year and lost interest once the trade was done. What a shambles now. Dunno if the cat will bounce...
Hmm. Wonder how you are achieving your targets. Recursive fall strengths? I show 5.2 which is close enough to yours. And extreme caution if mid price relaxes below 2.89 from anytime now.
This lot were flagged up. Interesting chart. It was gapped UP through the downtrend at end July. First target move completed. Second target now 5.6p. Would not be terribly surprised if it relaxed into the 1.x pence range before next move so it's maybe a buy on dips play. No idea who they are, so nothing new there. Unlike many AIM's, it seems to be following a different path. On Lloyds, I'd hold off opening champagne until they get over 35.2. Twitter feed now established from my website. It's called MyProphecy1
Think you are onto something here with IHP. There has been a definite chart trend on this lot since 2006 - ok, mostly downhill. What interests me is on May 3rd this year, it touched that trendline and has been steadily walked down it since. That generally provides the signal that 'they' are with-holding breakout. Currently, anything above 0.26 will provoke a sharp rise, initially to 0.5 and then much higher. Good pick, I think.
Absolutely nothing really to do with Churchill Mining. I just wanted to scribble this nugget somewhere as someone may find it useful. The fall in the FTSE has been quite extreme and I used CHL as one of the models to map what was happening, alongside the BP model. Essentially, in the coming months 5366 has become an important number. If exceeded, 5502 becomes the next target/danger zone. 'Cos if neither of the above are reached and exceeded, 4547 is just waiting to say 'hi...
From a trend perspective, 5025 on the FTSE may provide support and a decent recovery level. On LSE itself, There's a certain logic suggesting that much longer term, LSE will trend up toward 1744 with 2299 as overall target. Chartwise, it has a tripwire at 778 - this being a price around which the share price revolves in its path to recovery from the lows of March 2009. On the next occasion the price relaxes below 778, it will almost certainly find a floor at 624.9. If the price relaxes below that point, find a sharp knife and cut that number into two which will give a ball park figure.
Wonder what is going to happen next with this one. It failed to break into the danger zone despite the shambles of the market this week. I've written a summary of my take on the market at this link. http://www.myprophecy.co.uk/tw3.html
I was asked to map this on Friday on the MyProphecy site and the first target retrace level worked out around 176 which, if breached, opens the door for a drop to 150.7 Gloomy or what. The FTSE seems to be missbehaving and it might be worth remembering that in the previous two years, it's done a nasty in July only to recover. Whilst it has most emphatically broken the uptrend from March 2009, if one maps the previous July dips, it could be expected to relax to around 5618 or so then start the grind upwards. Who knows. If it even goes a smidgen below 5618, I would be very concerned for any mining and oil stocks which I hold. It looks like the banking sector has been firmly nailed down and I will admit to buying Lloyds today when it visited the 39p range.
I show a potential bottom around 0.4p on this lot at which point it should bounce. It failed to exceed the important 0.81 last week, so I rather think it will drift lower. Almost doesn't matter as the bounce should be quite vivid. I think. And why, when I start posting rubbish do Moosh and Riddler stop? Guys, HELP!
Took a glance at BLNX. Looks dodgy. I would guess it's going to flutter around the 110 mark for a while then drop to around 72p before recovery. If it breaks through 72p, it's probably drop by another 25p or so. Looks like they need good news. Been looking hard at the market and it's right on the edge of a drop. Given the number of people projecting the drop, I doubt it will happen. The telling signal will be if the FTSE crawls above 5850 during tomorrow. Should that happen, it is unlikely to find a floor around 5300 by September but instead, will move fast toward the 6000's. and thus, stuff those who've sold out at the bottom of the market... However, should the FTSE break 5773 or so tomorrow, I would not be terribly confident of an upside! Thanks to those of you who've asked me questions through the MyProphecy website. I've been backtesting some of the rubbish I've spouted and generally am quite pleased with the results. Decided to knock up an Android and iPhone application this weekend which I'm tested this week before considering exposing myself to the Apple Store.
My own take on BMR today is the MM's screwed the private investors. The strategy of delivering a rise in the opening trades, causing a load of folk to jump on the bandwagon, then plunging it by as much as 20% ON A GOOD NEWS RNS is the sort of thing which gives AIM such a poor name. Factually, I would call it crooked. Rather suspect we shall see reversal on Friday and small gains introduced fairly soon thereafter. Alternately, someone will have complained to the FSA and a story will appear, causing yet another drop. Who knows. Grump over. On the other hand, HRCO got all warm and cuddly today on a NO NEWS RNS. Some time ago, I'd averaged down on the basis it would recover to 73p and it's just about there so I can escape with burn marks and some dignity.
RRL and BMR were at the top of my analysis requests today, so I suspect something is brewing with each of them.