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BrokeNsmoke, but that's the thing if you do TA etc , the bottom,( or next major support ) doesn't appear out of the blue, you have it plotted months before. You should be tracking the sp, like the algo followers.
Why do you feel the need to bite ?. When i said that i use charts, that's not to say that i take notice of and act on what it says all the time. One should have lots of equations (based on fundamentals and charts and your own research ),and when 90% of them line up all in a row, you then consider a punt. Nobody should follow anything blindly.
Yes your points are taken and make sense, except i think that if you haven't researched a subject (charts),you should not have a unqualified opinion, that is not based on research of the subject. I haven't looked into candle charts so therefore i have no opinion on it, one way or the other.
Surely you mean "everybody, and not anybody. I have no idea why ANYBODY on here would not have studied TA and not have used it in some form or other at least.It isn't "twaddle" and "science" as Hexam posted, it's Math, which is used all over the world to build Bridges, Buildings, rockets, etc, etc. Posters could explain why they are so negative on TA , and give their reasons as to what problems they encountered with it when they researched it. THIS IS A FORUM , where posters DISCUSS their point of view with others. Instead we get Statements that are more like diktats intended in a way as to imply that no other comment is needed ,THEY have spoken QED.
Posters that are negative on TA can even say that they found it too "interpretive", if they want, but FFS say something.
Engage, discuss.
The chart since the low is difficult to work out. There is a bullish interpretation, JUST!!!!.I'm no expert at it, but i can see a positive. What wouldn't be a great sign, is if it closed below 34.5p.It's already hit 34.4,so not really a good sign, but we shall see.
I wonder how many investors are hoping for the Hotel Chocolate syndrome to hit here also ?.Worth more than a thought!!.
Happy, but surely you know all this, well the basis of it anyway ?.
Jeremy,36 days since the low of 27.7p on 3rd of October to the latest top yesterday. Expect that it possibly won't go any higher as it is close to the 34 day Fibonacci sequence. Needs to be watched.
Thought there might be a few more other questions.
From the last bottom to the last top has been 36 days. Needs watching. I find it odd that posters are so Bullish. The rise from the low has coincided perfectly with shorts reducing (see chart ).What is needed, which of course we have never got since 415p, is actual buyers pushing up and on through, rather than just short closers. We shall see.
There were signals that a bounce was coming time-wise and price-wise back on the 4th, but i had it at 30p not 27.7p.
The chart since then has been unclear, though not really inspiring. So it's a sit and wait at he moment.
Just one more point. Isn't Boo a typical example of a share that should have been waited on, for an actual breakout to happen, rather than trying to find the exact bottom and jumping in ?. Would have saved punters thousands.
We still haven't had a clear and confirmed PROPER breakout since 415p.Yes there have been rises of 30/50% from lows, but all showed signs of a Bear squeeze (sharp sudden increase from a low followed by a curling over on the chart, with a 3rd impulse wave collapsing in on itself, and so making a 3 wave Bear correction, rather than a 5 wave Bull move.).
Didn't the IMF say the other day that inflation would take THREE years to come down world-wide. Why are we saying that next year we will be back to normal!!!!.So much for facts figures, (and fundamental analysis ?).How confusing.
Had a look at the chart. It's trying very hard to make a bullish pattern, but it's far from convincing. The rise from 27.7 is nice and it's gone up percentage wise very well, but is it the start of the Bull run we've all been waiting for ?.Have we hit bottom ?.
As for shorters , remember that when the market lost 73% in the 1973 crash, and then did a dramatic V shaped recovery. Shorters moaned that they had made money all the way down over a 2 1/2 year period, yet had lost all their profit and more in about 2 weeks!!!.
So Shorters can make more money for you if you buy at the bottom and they get it wrong, and you get it right.Shares will always move, as Lenin said " Capitalism can only exist in moving markets ." Shorters give punters a signal that a share is too high so to speak. It's all about opinions. GLA
And your opinions are always welcome Rupans, as are all others.
I'll ask again. Forget fundamentals for a moment. What have you posters worked out is the true value buying point PRICE-WISE, as regarding this share ?.
It's the most important part of the exercise in making money, so what's everybody's opinion ?.
Am looking for specifics.
Like Debenhams ?. What happened there ?.It has to be asked.
I would like some opinions as to what posters think will be the bottom, re price-wise, and in what possible time frame ?.
Been abroad for 3 weeks, i see no bounce at 30p.This shkyte show goes on and on ffs. Shorts at 6.65%,just gets worse.
Next stop 22/23p.Why are we still talking of MA's influence on the s.p. (there ain't any, nor Norges ).
Asos to my calcs are nowhere near their bottom,so how can Bohoo be. Wouldn't touch these with a barge pole at the moment.I would be interested to see if Asos and Boo will bottom together. Just a case of watching. Trouble is, just how much faith do we have left with this share ?.
We are all set for a bounce tomorrow. Well timed on the chart. Giving the fact that if Boo is in line with expectations, a bounce will occur. How far up, and what happens in the next few weeks is open to question, but a rally is certainly on the cards chart-wise.
If the figures are REALLY bad ( figures that nobody could dispute were bad ),then we will go into unknown territory.
I never thought of myself as some sort of expert, but on reading posts on here and on other shares, i sometimes wonder. Maybe it's an age thing. Remember it's only my honest opinion. As to where the real bottom is , well maybe early next year. To my mind it's a case of monitoring the chart, and catching the bounces. GLA.
So it is said. But there again we all remember Ocado!!!!. So the same with MA and let's not forget Norges. Place your bets.
If you can see through the noise, you win.
Inflation in the seventies went from 7% in 1972, to 24% in 1975, back down to 8% in 1978, up to nearly 18% in 1980,before it fell to 3% in 1986.How long have we had this round of inflation ?.Why is the media so confident that it's a given that it's definitely going back down soon ?, as if it is going to be merely a blip!!.
Something to discuss and chew on.
You are so welcome on here. At last somebody different who can see different things to others. Personally i'm more of an Elliot wave man myself. The fall from 415 has been hard to read, with running corrections being very hard to read.
I put in my prediction ( last week i think ),that a bottom from here on in will happen at 30.8.
It will at least be a bounce, but not at all sure whether it is the long term bottom.
Call me cautious, but for me everything has to line up in a row for me to punt. I can't see how Boo can bottom before Asos, and as far as i have worked out, Asos is nowhere near it's long term bottom. Many posters and pundits have wondered why the cost of living crisis has so far not really shown up in the figures. When mortgage holders come off their fixed interest Mortgages and they have to find another £400 plus a month, then things will bite. BUT surely those bad economic figures won't be showing up in results for at least 6 months ?.
So as far as i can see, it's not really started yet. It's certainly not showing up in the Footsie. We have a long way to go, and the media saying we have turned the corner and getting excited about a .1 % fall in inflation is really wishful thinking.
My petrol has gone up from 145p a litre to 161p a litre, that coupled with Ukraine still on going, and what happens when the next round of floods all over the world ruin the crops, that surely will lead to more inflation. Trouble is people are far too quick with their over optimistic view of the world.
Oct 3rd,another poster said results Oct.6th.O.k.,can anybody say what time of the day will they make the announcement ?. PDS2023 keep on posting, i for one will be avidly waiting for them.
Any time from next week onwards, could be a bottom of 30.8p,and a bounce ensues. What would trigger all this is the up coming news (results ?) on Oct 6th.It will all depend whether armageddon has been discounted in the Share price.
What's the chatter as to what the concensus is, re the figures ?.
Any close below 30p would be catastrophic. Whether that happens is a toss of the coin job, considering nobody seems to know what is expected come Oct 6th.Posters have been saying since 400p that they knew what was or was not discounted in the share price. This isn't a dig at them, but a appreciation as to how hard it is to get a fix on Boohoo.
Let's see what happens. Imho,not everything lines up at the moment, re whether it's the real bottom coming.
All the ducks (equations ), must line up in a row before i'm comfortable with things. I know this might seem ultra cautious to some,but as we know from the past with this share, caution is certainly needed!!!.
Yes i agree. It's tiring having to get round all the fog of posters squabbling. Good posts get lost. I've only had one or two replies from my post yesterday, which is disappointing, as i thought it may have been relative to Boo. I opened up a discussion, but it seems to have got lost in amongst the pile.
Oh well. I see that since the 9th of Sept. Boo appears to have bounced 3 times off 32.99,32.98 and 32.97 respectfully.
Though on a one minute chart, it did touch 32.91,as far as i can make out. So as it appears, right here there is obviously
a significant amount of solid support.
Thank you for your reply. Even i have been surprised as to how i got it right recently in broad terms. The Boo chart since 415 has been fiendishly difficult to get right. It's been hard to see most of the time where one move ends and another begins (waves ).
Methinks if i could get this right, an easier readable chart of any share would be a doddle, (famous last words ).
I now have a good fundamental read on Boo after reading your posts . Keep your posts coming, as i will be reading them avidly.
As an aside, do you have a read on Walgreen ?.They are near their bottom. Also Superdry, though their share price crashed through their support last week.