Member Info for Rajbury

Mine was a bit more conservative than that! However, my 2p target already gone. Next stop 3?

Must try not to get tipped out of the saddle!

Just looked at the chart - gently rising trend channel with support at 1.24, and 2 is easily within sight. Opened this morning well above support, and above 50 & 200 day MAs; if rise continues, it's a run-up to a golden cross. If news drops, and the sp breaks 2, then we'll be testing earlier-year highs of 2.70

It's all in the name....

Just updated my chart. If you believe this stuff, 6 is well within sight if it breaks 5.

Mine's not a big buy this morning, but I'm glad to be back in. Sold out in Jan at 37p, so I've bought back in hopefully on the turn after a long decline.

Based upon the chart, last week I predicted this would be in the 4s, heading to 5 on a broadening triangle. Well on course for 5 within next few sessions - especially if we get news.

Look at the chart: bouncing off lows; this morning, gapped through recent resistance and above 50-day & 200-day moving averages; run-up to golden cross.
And that's just the technicals; look at the ducks lining up on the fundamentals.

Pattern emerging: MMs take it down on opening, then the rises begin after the first hour, hit a new high in afternoon, slight dip on close.

Mountainous - MMs accumulate stock; they have to create a pool of liquidity on the basis that there might be sudden demand for a share, and they might not have enough stock to meet that demand. If that happens, and they get caught with their trousers down, they then have to use big spreads or wild fluctuations of the share price in order to generate sells, or discourage buys. That creates huge volatility, and makes for disorderly and unpredictable trading.

This is a strong rise into close - should gap-up on opening tomorrow.

Uuum....we had news this morning....

MMs are holding this back just below yesterday's close, even though buys appear to be well ahead of sells. If they let this go, the chart shows this could be headed to mid-4s and maybe 5 within a few sessions - especially if news lands.

We'll get clarity on finance. They'll be queuing up to finance a resource like this.

wry smile

Hope so, Biker....I just bought in again after selling out on last week's highs.

Can't get buy or sell quote on HL

Roll on Monday..

Aaah....who can call Fridays? Some say Friday afternoons are about FOMO; others say that late Friday sees a big sell-off as traders unload their week's purchases. I guess a bit of both...

There have been a lot of naysayers today, but, you are right, anyone who's been burned here will be warning others. I guess that's the benefit of these BBs. It's all about risk & reward; I took a position today with money I could afford to lose (but I'd rather not!) on the basis of there being considerable upside. It seems from the trades today that someone is loading up, which gives a little more comfort to that decision.