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You should theme your broker in the LSE as this is very serious scenario, not one serious broker would act in this way, probably there are interests involved that is the reason behind that.
I am exactly in the same situation, with an average price 7.3, i am holding nearly 1 million shares. DONT SELL ANY SHARES AND DONT ACCEPT THE OFFER MADE AT 6.2. If you read the RNS only 0.01% accepted the offer and I presume should be by mistake as they shouldn't realized the situation. The company will continue as it is, I guess after the bid is finished will start its ascending trend.
What you send me is the opinion of other people, you need to have a look at the second column which shows the trend strength and direction, these are automated results hence are mixed. You need to use mainly the HMA [Hull Moving Average] to understand the direction of the trend and catch early reversals, despite if there is low volume, in conjuction with RSI [Relative Strength Index] and ADX [Average Directional Index] to get the trend strength. Not one automated system use HMA rather than they use EMA and SMA which give delay signals. The short trend based on the 4 hour chart might go little up but the intermediate trend based on the weekly chart which is a strong trend is bearish. I cannot post any trading system here but everybody who is interested for any stock not only Zanaga, can drop an email [a.pouppos@live.com] and I can send pictures where the buy and sell signals are shown accurately along with the indicators, no problem, then you will see what I am talking about. As I said before we are talking about charting, not an investment, let us not confused these.
Well if you dont beleive in charting why then I was right about the trend? I am chartists and I bother only where the trend is going and that is all. Coming to charts Zanaga will plunge further down, this is a STRONG INTERMEDIATE BEARISH TREND for the simple reason the trend now has crossed below the 50 week moving average, not 50 day moving average, same with RSI etc. This implies a STRONG INTERMEDIATE DOWNTREND and that is a fact. If you invest in Zanaga for the very long term waiting 3 - 5 years that might pay off for you and of course we are talking for an investment not trading with charts. These are 2 completely different things.
I think you are far away concerning stock trends and technical analysis things. In other words you want to tell me that top chartists and people who dedicated their life writing books on technical analysis and indicators they are wrong. I advise you to study technical analysis and then we can talk again. I guess you agree with me, In a case of news the trend can reverse (it does not mean it will), which is not going to happen now, you will wait very long time for that, or it might plunge down to 1p. At the moment is plunging further down ..., this is a BEARISH TREND 100% at the moment!
Hello Guys
This is an upward short term trend indicating further upside, there was a good volume in the last trading session therefore I would give a BUY for the moment. I will revert!
Look the share price today and then tell me who is the amateur........You really need to learn technical analysis! At the moment THE TREND IS BEARISH 100%, indicating further drop somewhere to 3p even lower, unless there are news or an accumulated speculators game, if you need advise on charts things then let me know, I will be happy to assist you really.
Hello Guys
Always welcome! As i said no hard feelings! It is really funny to see people here write that the stock price will fly and other nonsenses. This is not going to happen guys, no chance for the time being! I am professional trader more than 25 years working exclusively with charts and analyzing trends! You need to read my posts carefully, I posted that the stock price will reverse (beware of the sudden bullish trend) and will start descending when it reached 7.80p while here almost everybody was posting that the price will reach 10p, 100p, 200p and even higher and indeed happened exactly how i posted. For the people who think I am amateur, I suggest you to study technical analysis and then we can talk again. I follow the charts and AT THE MOMENT THE TREND IS BEARISH 100%. Only with further news the trend can reverse or with an accumulated speculators game, otherwise it will follow its descending mode. If you like to invest for the very long term then buy STX, that is a stock with huge upside potential and huge profits for any investor but not Zanaga for sure. I will update!!!
Many opinions here which are welcome of course, none of these will happen for the time being, it will take many years for this stock to pick up further. Wall Street analysts give the share overvalued which really means something. Looking at the charts now the trend already made its runway upwards and came to an exhaustion point where it starts descelerating downwards, it has crossed down the 100 HMA and continues. I tried to post the charts here but was not possible, this is a sSELL 100% for the moment, no hard feelings!
Very disappointing to see a batch of people write nonsense trying to push the price up. Nothing is going to happen now, that is a long process for Zanaga and will take years to be developed. At the moment it is a sell signal crossing below the 100 HMA. Will update!!
https://www.tradingview.com/chart/vXTbfMwQ/
Very disappointing to see a batch of people write nonsense trying to push the price up. Nothing is going to happen now, that is a long process for Zanaga and will take years to be developed. At the moment it is a sell signal crossing below the 100 HMA. Will update!!!https://www.tradingview.com/chart/vXTbfMwQ/https://www.tradingview.com/chart/vXTbfMwQ/
Hi there
The volume has increased on SPECULATION a deal is closed and pushed the price up. In addition another factor pushed the price up is the fact market was bullish mostly the last couple of weeks, if no there was not a chance the price to be pushed up. If you go through my last post I clearly emphasized beware of the bullish trend. In stock market what goes fast up then it comes down faster especially if a stock price has tripled which is the case for zanaga. If you want to follow the trend then good luck, remember it can any time goes the other way round, this is stock market! I would wash my hands and get out.
I don't own any shares of this stock however I am surprised from what I read here, speculalation pushed the price up, go through the balance sheet of this company before you decide to buy, the net value of this share is below 2 pence despite the news came up, don't follow speculators and talkings because they already own shares at low prices, this share will come down fast at a certain poin, don't trust the bullish trend, be careful!
I totally agree with you, this stock doesn't reflect is current price, unfortunately there is a lot of game here and price is pushed up, the trend is bearish but speculators do not agree with that
I see many comments here about the share price that is cheap and going 20p etc About what we are talking here? The price increased in simply news, lt should be below 2p normally, the company is unprofitable and will continue to be unprofitable over the next 5 years,. If you study the charts the main trend is bearish, games and speculation only will lead the price higher and only in short term. If you like to make money on speculation then this is for you, if you want to invest in companies with future and good returns then look somwhere else