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Looking good.As i read the chart i see no reason to be disheartened.It will take a few pushes at 56p before it clears it.
At the moment it's doing what it has to do to be Bullish.The important thing is to clear 56p of course,which means that the 28th of December was the bottom (though 28th of September was lower intraday.
It fits in nicely with something i had been working on (non T.A.),so fingers crossed.I will post if there is anything to get worried about.This is my unbiased opinion from what i have analysed.In my honest opinion.No guarantees but this is what i make of it.
I see that he says 43p it could go to.Well at the 52.5 mark it is going to meet some resistance here and may go to 42.5p.
I wouldn't panic if i were anyone as from 42.5 it will start it's next move up and probably it's not till then that it will push through 56p.Maybe at 42.5p investors could load up from there.
Remember nothing is a given,it's all about the percentage play,and sometimes it's wrong.But those already on board i suggest they sit tight (see my "hold" recommendation).I defo wouldn't worry if it went to 42.5p.IMHO of course.
We got the 47.28p bounce (source Yahoo),that i predicted in my two posts on the 22nd of Feb,and now we await to see if it can push on through the 56p figure decisively.
Anybody holding between 30 to 40p,must be feeling very comfortable.
Nice post.Can you tell me if the money promised to the DUP,was coming out of taxpayers or Donors Pockets.
It is surely wrong that Politicians can use funds that even opposition voters have paid into.On BBC question time the week before the Election it was clearly stated by one Tory M.P.,when discussing funding for the N.H.S etc,that there was "no money tree".The week after the Election one Tory on the panel on Question Time squirmed when goade with the words "so there IS a money tree!!!!".
"Let's get Brexit done "was Johnson's Mantra.He said it was DONE,papers told us all,and Boris was applauded.
It's now not done UNTILL it's done ,apparently!!??????!!!!!!!.
How about this.1929 stock market crash to 1972 Market crash (it lost 73%) =43years, Tulipmania crash to South Sea Bubble crash a distance of 83 years,divide by two =41.5 years.
1972 + 43 years = 2015 (overdue).As 10 years after 1929 it was 1939 and world war two.So add 10 years to 2015 you get 2025.
Of Course there would be no chance of economic upheaval or major war.As a punch up between something like the west and Russia/China would need to happen, and Markets full of Speculative highly leveraged bubbles, lets say a 50 year bubble where the Dow Index put on a multiplication of a 70 fold increase or a property bubble.
No,no chance of that,even though i saw a Book that pointed out that in the Roman times,(yes they had economies back then near the year dot , that had two major economic crashes with the same timescale between them.
Perhaps it's just a coincidence,i mean an economic unwinding of massive speculative Bubbles with wars couldn't possibly happen these days?.I mean does it remotely feel like something like that would happen ?,Gosh,Golly.
I find it very disappointing to point out that on Feb 10th last year you said that at 86p the shares were "ridiculously cheap"and that people should invest at these prices.
So,none of us get it right all the time.I'm going to filter you as looking at your posts you come across as the font of all knowledge.I do wish posters on all forums on the internet didn't try so hard to be a "Geezer, from down the pub"as if they are on a site called Vent Your Spleen.com.
All this is wasting my time and taking me away from my research.Please don't reply as i wont see it.I doubt that you will be disappointed at this,none more than me.
Thank you for your reply.I think you are being far too modest and underselling yourself.Good luck to you in the future.
Can i ask respectfully where on the chart Boo finally turned Bullish for you,and if you can show me confirmations on the chart on the way up from 31p i would be very grateful.I am undecided, as i had it at a 50/50 chance either way.
It's been going sideways since 8.09 yesterday and it will obviously break up or down eventually.
I only consider myself an amateur with charts so i'm an avid learner.Thanks in advance of your reply,which i await with anticipation.
I see no mention of it.
Thanks for your posts.Alderbaran,DC2007,Level5 and Uncle Doug,and others who's names i forget at the moment.
You have all put forward your case very well with analysis done with exceptional merit..But we shall see what happens.
It's another moment of truth time.A bounce from 47/47.5p would need to happen to have a chance of it turning to a Bull market.It would need to push through 56p,where a Bear/Short squeeze will occur and send it further up.
As for analysing charts,there are some on here that thought that the rise from 157 panic low to 415 was a BULL market,when it was a BEAR market rally.They probably never even heard of a "B" wave.tidal wave maybe.
I always had myself down as an amateur chartist,now i sometimes wonder !!!.
Do keep on posting,nice to see some balance on here.I only put a Hold recommendation on Boo as it's been one hell of a difficult chart to read.My view in the next 2 weeks WILL change,as the smoke clears and we can then find out who won the punch up.G.L.A.
and then it should be the resumption of the Bull market.The rise after should of course be carefully monitored over the next week.Should dip to 47/47.5.will be more accurate after tomorrow or the day after perhaps.We should of course keep looking to see if the bull pattern breaks down in the next few weeks,or of course maintains it's bull pattern.
I have filtered SCB and Grimrip44,they spoil my concentration.May i ask if posters could dial it back a bit,not suggesting who is right or who is wrong,but we must keep our eye on what is important.We all have our opinions and differences,but we are both after the same thing,making money.G.L.A.and hope those underwater finally get some relief.
I should have been more specific.I was referring to the fact that Boo has been a dog of a share in the past.
Now at these levels they are much more attractive,and therefore extremely interesting
i was talking about you ,not to you.
Your last post was as you know spot on.Keep on posting!!!!!!!!!!!.
Yes T4G,i would also be surprised if PI's,or anybody would be sellers at this point.Trouble is the Shorters may know more than we do.Though they would be at current levels be playing a very dangerous game!!.
Kowbodyyouknow,you are the one i know has got it sussed,though "et al",on reading some posts on here God knows who they are and how they arrive at things ?.
As for SCB,he thinks we have a short memory.At 200p and lower he had lots of "guesses" that were wrong,then disappeared ,only to return just lately.You would have needed multiple guesses with this share since 415 as to where the bottom was and most would have been wrong.I've only traded once since 415p,at 58p,got it wrong once.
That's why i said it's a 50/50 gamble at the moment.Better to be late than sorry,and there's an awful lot of sorrow about this share's S.P.!!!!!.With most share's it's never THIS difficult. A "Dog" of a share, Yes ?.
I made a mistake last week.I should have said that the 3 wave corrective pattern finished it seems at 54.76p.
The Bears will now try and push it lower to start a new down move.The Bulls however will try to move it on up at circa 49p ?,and start a Bull run to try and continue their pattern.It's unclear as to who is going to gain the upper hand,and methinks it's a time to sit on your hands and wait.I rate it 50/50.
Wouldn't need to be so unclear if it were an ordinary share as it's a 90 percenter,and fallen so fast s to make the pattern on the chart so very hard to read.
Shouldn't too many complaints about this post as it's a balanced view devoid of any emotion,hidden agenda et al.
Ok you have your opinion .Now if you would like to go into an FULL explanation of your opinion,feel free to do so.
you should have read my post before April 2018 when i said the bottom was 135p or 123p.It turned at 139p.How about when it bounced at 63p on the way down,i said then that 63/66p would be a nice trade to do,it put on 50%.
Nobody can be correct ALL the time at anything.Just a case of playing the percentages.
Totally agree Midway.Would you agree that just before the bottom on the chart at 30p on 28th of Sept and everything after ,the pattern has been anything but easy to read ?.Yes the double top represents one would think the second wave of a 3 wave correction,thus meaning the third wave ( C wave) is still to come ? .(am i reading it and explaining it correctly ?).
A push above and stay above 56p would turn it all bullish.Hope others on here can gives us their views (chart-wise).
At 74 the old brainbox doesn't work as well as it used to.
Then most likely a bit of profit taking taking it back to circa 49/50p ?.The important thing is what happens after.It would need to push on back over 56p to remain bullish.
On the chart it seems that they are trying to start the resumption of the bull pattern that started at 45.9p.It needs to keep it's pattern to hold onto everything.
Being only an amateur at all this (or so i reckon),can other chartists on here give me any confirmation that i have it all correct ?.err basically ?.