Member Info for ralarcon

Jaceorge will be the new Nathan (114p).
LoL

the support line has been clearly ascending for last 3 weeks. my trend line is not dissimilar to matherfaker, plotted weeks ago but i was expecting it to stay above 130by now. I have adjusted and despite being lower it is still upward trend.

The price will break up or down from this pattern on news by friday. A break above 150p resistance is likely to reach 230p. a Break down is difficult to predict because it would be mainly sentiment led so l would expect it to be short lived. It is not a typical double top pattern which is more market /fundamentals driven and turn around to a sustained downward trend. This would be purely sentiment due to inpatient PIs but the potential still there and new people will just buy in.

started well pointing out facts but you merged a lot of assumptions and estimates; valid judgments but not factual.
I do think BC would not have come on board if the risk reward numbers didn’t add up to make it worth their effort. But we just don’t know the terms of the agreement and how much risk they have taken on gdr. It would be good to know if the partnership has a minimum term.

looking at last year rns it seem end of march is their interim report date so it would it is just coincidental we are waiting on good news but not the reason they arranged the presentation this time.

kejoran is such a nice chap; he has everyone’s interest at heart. LoL
must be his weekend routine...look at various share with good volatility, pick a few on a downturn likely ro turn up, post similar messages, thinking he/she can cause further drops, buy in, wait for people to realise they panic and drive sp up again. profit.

just read the presentation RNS; it says
“No new price sensitive information will be disclosed,” ...so does that means any news will be prior to it ? or we can expect very little to be said that we don’t already know. Not sure how they can have a presentation and interim results and not be priced sensitive. I am guessing it means 7:00 RNS friday followed by the 10:00 presentation.

any thoughts?

sorry, I was simply pointing out that right now you can not call it a double top just because you have to peaks...the fact that it could turn out to be is a different matter...in reality, right now it could be anything.

A double top is a bearish pattern and significant for the SP if correct, but also big mistake if incorrect, therefore you can't be calling it early as I explained. if what you meant is "right now this could turn in to a double top and if next week the SP sees similar drop, it may be confirmed". Then I agree but the same statement could be said of any pattern.

"right now it looks like an ascending triangle and if next week it breaks over the resistance, it may be confirmed"
"right now it looks like consolidation around 130p and if next week return to the 140s, it may be confirmed"

May as well say next weed SP movement will confirm what chart pattern we are seeing.

But you are entitle to speculate as much as the rest of us; only next week will tell us who was right...nothing against you but as I am invested and so are you, I hope you are wrong.

Real life example:
check out FUM for an example on how wrong a double top can be called.
Two tops at 21p with a neckline at 18p. SP dropped to the neckline or support level and the shoots up over 170%!

last week was the last opportunity to take profits at the 130- 140s level for those with a good average; allowing the SP to drop to create a good buy in point prior to the presentation. As there is only a week to wait for some outcome there will be more short term traders having a punt at this.

The presentation will drive the SP up next week purely on speculation and the content of it will either drive a the SP up pretty quickly or send it back down as quick. This SP entry level gives some headroom for those then waiting to the outcome to celebrate further gains or sell on the way down hopefully still at a small profit.

There is no certainty either way; you need to decide for yourself what risk you wish to take and what scenario is the most likely in your opinion.

drlong; as per your request on the other topic... here it goes... a double top has two peaks and a neckline. A double top is only confirmed when the SP breaks below the neckline. Before then it can be many other things like consolidation, an ascending triangle (which is more this case for now), simply a comfortable resistance and support level for the market on the wait for news/events. Double top is a strong way to make profits when shorting a stock (or to sell to avoid further loss) but you can loose a lot of money by jumping the gun every time you see two peaks at a resistance level. Neckline in this case is around 108p so a finish below this then you may be right.

The following page gives a good explanation and the author even goes through the trouble of making a video to explain how many like you can call it wrong. Hope this is of useful and helps make better decision in future trading.

https://dailypriceaction.com/forex-beginners/double-top-pattern/

There is no shortage of information on how to call a double top; so have a look for other sources if you wish to compare.

drlong; a double top has two peaks and a neckline. A double top is only confirmed when the SP breaks below the neckline. Before then it can be many other things like consolidation, an ascending triangle (which is more this case for now), simply a comfortable resistance and support level for the market on the wait for news/events. Double top is a strong way to make profits when shorting a stock but you can loose a lot of money by jumping the gun every time you see two peaks at a resistance level. Neckline in this case is around 108p so a finish below this then you may be right.

The following page gives a good explanation and the author even goes through the trouble of making a video to explain how many like you can call it wrong. Hope this is of useful and helps make better decision in future trading.

https://dailypriceaction.com/forex-beginners/double-top-pattern/

There is no shortage of information on how to call a double top; so have a look for other sources if you wish to compare.

drlong; read up on what a double top is and characteristics before throwing term randomly like you know what you are talking about.

people were complaining the same when the sp fluctuated for weeks between 40s and 50s and (much large percentage swings than right now)...the SP has more than doubled since and people are still complaining. Back then trend was actually down and got into the 30s!...yet people are still saying this is going nowhere?

Next week the SP wont be the same...not after the presentation date.
The SP will either move towards a new high or will drop to a support level in the 90s if people's expectations are too high and it disappoints in content.

The main unknown for me which keeps some risk is that we don’t know the contract details with BC; how much risk have they taken if any? how much of their own cash have they invested on the launch and training? ....if anyone has come across some relevant info please share. Their level of spending would give insight to sales forecasts as they are likely to be looking at a substantial return.

I need to be enlightened; we had constant upward sp (higher lows is what matters), the sentiment on testing is again favourable, the cash for the industry is on the up and for GDR in particular the USA market; we had more positive news and social media coverage in last 4 weeks than previous months; there are further comms end of the month; BC are huge distributor and pushing the product. Unless i am missing something really the anger from some is purely based on expected time scales to make a quick profit and investors that jumped in with no research and expected fireworks overnight. Current SP fluctuations are well within expectations and simply natural trading ins and outs until something else does change with news (negative or positive).

careful you don’t equal % up same as % down. All it takes is 50% drop to loose a previous 100% gain.

still though; people clearly don’t really understand market/sp behaviour...Tesla had lots of red days last year and bad weeks too yet no shareholder will be complaining as long as the blue days eventually come on top.

golden cross is only a confirmation that the trend is upwards; the ascending channels and ascending triangle patterns are more like 72%. So none is guaranteed but simply a way of improving your odds....

other way to look at it is...if a golden cross is only 60% success then now you know how poor odds you actually have when you don’t even have that! not even a coin toss chance.

tcoles; i take it you’re not invested here. What is your agenda? good samaritan trying to protect us from a loss on this? thanks

golden cross...it depends if you use exponential or simple average. But it happened on the 15th of Feb (exponential) or 12th of March (Simple).