Interesting moves today with this lot and I decided to glance at them from a chart perspective. Quite interesting, actually. From a 5 year chart perspective, the next move should be toward 0.97 mid which is rather high. Goodness knows when it will happen though but the important thing is they broke their downtrend back in February, so further movements are predicated on the trend prior to such. As usual, I've no idea what they do or why they bother doing it. But they've been on the AIM for a while and the trend is no longer downwards. Unless the price goes below 0.132. That would be really bad. I've been keeping quiet about something else I've been up to this year which has also slowed down my usual posting rates in Premium though thankfully Moosh and Riddler have filled in empty spaces with their take on things. Suffice to say it would no hurt to visit a .co.uk website called myprophecy and Admin, that is the only time I shall mention it unless you want to publicise it for me! Currently, analysis is free as the site is in alpha mode, so feel free to ask and give me your comments.
I really do hope you know something special here. Just looked at it from a 5+ year chart trend view and it sucks. There is nothing suggesting a recovery.
Looks like the current down is a bit of a fake unless there's been a really duff RNS. The recent high SHOULD have been 2.63 as opposed to 2.72 which was achieved. So... it is stronger than it looks. I now show an overall target at 4.18 for the next major up movement. Short term, there looks like a possibility of a buy in at 1.88 though it could sink as low as 1.7. Anything below that would ring alarm bells. Funny story. I read recently that most wives kill their husbands by dismissing heart problems as just indigestion, then looking vaguelly surprised when the poor bloke flops over. Transpires the story is accurate. I'd a bit on an incident last Friday afternoon and found myself on the floor. Wife decided it was food poisoning (due to my own cooking efforts) and helped me to bed then left for work. When the emergency doctor was called the next morning as I was completely incapacitated and blood pressure going crazy, she was given quite a stern lecture. I was given a jag in the bum which did nothing except send me to sleep. By Monday, my own GP was summoned who promptly renewed the lecture to my wife while he smugly diagnosed a 'middle ear' infection and gave another jag and some drugs. Four hours later, I was able to stand, by Tuesday I could walk, and today can see the funny side. Just wish the same could be done for the market in general. I'm showing best potential for the FTSE in the short term of 5888 or so before the next drop. Surely someone, somewhere can give it a jag to get the markets moving again.
Hit target and went through it, finally closing below that level. Suspect there may be a few shorters around...
By way of observation, I show a potential entry point for a bounce at around 717p. Obviously, politics will determine how big the bounce is when/if the retrace target is achieved.
TXO seem to be getting ready to do a movement in the next wee while. I've 2,.14 flagged as first spike level target and the signal coming when the price CLOSES above 0.875. No idea how long it will take to happen though. Maybe 50 days, maybe 5... The market itself was a bit interesting for a while there. Thankfully, all the danger signals have shuffled away but I'm now showing a warning level on the FTSE at 5903 or so. Should the FTSE close below that level then recover two or three times in the next two months, the third time it drops below 5903 will bring a rapid drop to around 5560 or so. Sorry I've not been on here so much. Being a grandfather brings certain issues - expected to visit and so on. Also assisting in developing a mass market .APP so have reverted to my specialism of sitting around doing nothing and trying to look interested...
XTA looks to be relaxing to around the 1200 mark. There seems to be a danger though at that level as if it sinks below 1200, there is a high probability of it finding a bottom at 1082. Maybe worth watching for as the bounce from a bottom such as 1082 should be quite profitable.
Looks like a goody. Short term, 16p. Mid term 22p. Thanks for flagging this 'un.
Interesting chart on this. There's quite an easy mapping on it dating back to late 2007. If one extends a line from 2007 through the high of 2009, it is obvious the price is close to breakout. Movement into the 22p territory will bring such but the interesting this is, chartwise, I show an initial spike potential as being 36p ABOVE the breakout point, so shall 'watch' with interest should the breakout occur. Wonder if you are taking an interest in HRCO. Took a hard look at "that sodding share" recently and currently show a potential of around 274p which seems nuts given the current sp. Who knows...
Well, um, looking at the chart, the suggestion of relaxation in January was surprisingly correct and therefore, the share is in a slow climbing cycle. Whilst there may be the odd spike, I rather suspect this lot are a long term trudge uphill following the lower support line. A bit like me walking the dogs...
I read somewhere that the LLOY staff option was priced at 46.7 or so, thus providing a sane floor level. Who knows. I'm a tad concerned as the logic I employed for the 44p target is the same logic I used on CW. where a 46p target appeared a viable bounce point. (calculated when CW. was at 54p) Assuming the grown ups apply the same rules... Lloyds remains risky.
10 days was the answer to my question it seems...
Not often I can disagree with both of you at the same time but feel confident in doing so on this one. Chartwise, it has started a walkdown BUT (and this is a big butt) only to around 14.35 at which point an initial pulse should take it up to around 23p. I think I shall keep this on my front screen for a wee while. The downtrend breach back in June 2010 has conformed to most criteria since and gap logic alone suggests 14.35 as being around a SAFE re-entry point. Market kinda boring at present.. Wife visiting daughter and grandmonster, so managed to spend a wee while tonight working out Poker Face on accoustic guitar, then thought, WHY DID I DO THAT.
On ECR, I'd calculated that if the previous calculation I mentioned did not work out, there was a good chance of them finding a bottom around 0.85 or so. Looks like this might be logical bottom though goodness knows how long for them to rise.
Good grief. I was chuffed at the profit I made on my last trade and took this lot off my front screen. (due to an old hatred of watching missed profits...) From memory, I'd rather a few at around 0.7p! From a chart perspective, I would be quite nervous now. Look at the support line from Sept 2010 through March 2011 and the suggestion is the price will test that support. The very real danger is that if it breaches it, the double top formation from Dec and April comes into play and a dodgy RNS will allow the MM's to plunge it to 4p or even less depending on what rule book they are working on. The price is going to have to exceed 11.3 before I'd feel comfortable risking giving the little profit back... <grin>
Dunno what this lot do but were flagged as being of interest. Very dangerous if they drop below 20p even as an intraday movement as it opens the potential for a drop to around 10p. However, the current uptrend suggests a coming spike to around 30/31p. Not been posting much recently or trading. Finally have become an official grandfather. Daughter decided a quick birth would take 5 days in hospital...
Interesting that DES failed to reach its logical bottom which would unwind the gains. I'd 5p flagged as the potential. As a result, I am a wee bit suspicious as to the movements. CHL and BP were both completely unwound to targets on duff reports but DES were not. Like the rise last week - I sold - this fall is equally "not right". Unless they bring it down another 60% over the coming few days of course. I think I shall hold off and see where this ends up going.
Nice of them to release an RNS which totally stuffed my charty logic. And financially, stuffed me also. One is really not happy this morning. At least NTOG did the unexpected which cancelled out this loss but trading at break-even tends not to be a winning strategy.
One thing about chart logic is it can always be stuffed by a trashy RNS. I keep looking at the gap on the chart and thinking, "it will be filled." But will it be filled in my lifetime is the more germaine question? This sucks.
Oh, the foregoing may be rubbish if they've released an amazing RNS...