Member Info for Rajbury

This was showing signs of overheating, which is why I sold at 40p. The RSI was over 80 - indicating over-bought - and is now back in the low 60s.

The price action this morning was a classic "suckers’ rally” - crash the price, wait for buyers to pile in, raise the price so people think it’s an upward trend, then crash it even lower.

How do people not know the strategies the MMs use?

I may buy back in if it gets into the mid-50s.

"Buy on rumour, sell on news...."

Agree. Unless we get a spurt towards close, it looks like it has peaked for now.

I’m hoping it goes higher.

However, last time it hit over 12p (Jun 24), it retreated to below 6p by year end. That would have been the time to buy, not June...

RSI has hit 80+ - historically it doesn’t sustain at this price.

It could be spiking - if you want to buy, the sp will be lower later today and in coming days.

Simple, not simplistic...

On the chart, this is in a rising trend channel with 7p possible in next day or two. Trading above the 50 & 200 dma, just having gone through a golden cross. RSI at 70, so not hit overbought zone yet.

This has some way to go in next few days, methinks.

There’s not even been the usual ‘tree-shake’ - where are they getting all these shares from?

StuJune - you could sell half (‘top-slicing’), and take a nice little profit, and still have 3m shares to continue building profit if it continues to rise.

US patent news

That was a little tree-shake to catch a few ‘sell on news’ investors and traders.
Should hit 0.6 today

Whose rumours?

It would be very cheap at ‘half the price’.
Perhaps it’s even cheap at twice the price?

I live in west country. I know all about voilence.

Statement regarding share price movement

The MMs don't 'make buys look like sells' - it is the LSE algorithm which designates a trade as a buy or sell, based upon the mid-price which applied at that time.

PME - price monitoring extension

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There are 100-400 billion stars in our galaxy, and it's estimated that there are hundreds of billions of galaxies visible to us. So that's more stars than there are grains of sand on Earth....

Possible reasons