Member Info for RICH3R

Well this morning's gap left from the gap-up has now been back-filled, so with hopefully Lansdowne finishing their selling and the hot off the press funding news from the Health Secretary (if indeed it involves Synairgen - which it surely must ?), then maybe the SP can move back up to the 200 - 205p level while we wait for further good news ? Exciting times to be a holder here :D

Quite likely to hear of more ii buying around the £2 mark, within the next few days imho, after today's great RNS :D

This issue with buy and sell prices has been discussed ad infinitum over the years on these bulletin boards.

In a fair world a buy would be shown as a buy and a sell as a sell. There is in my opinion absolutely no good reason why a trade cannot be labelled correctly at the point of execution. But that's not how the current system works for whatever reason, and as Retireby40 says, the trade is labelled buy or sell in relation to whether it was executed above or below [respectively] the mid-price at the time of execution. The mid-price is the price in the middle of the bid and ask prices - so with a bid of 198p and ask of 202p the mid-price is 200p. A sell at 200.1p will be labelled a buy and a buy at 199.9p will be labelled a sell and so on.

Do Market Makers use this situation to skew how things look at any given time by engineering buys to look as sells and sells to look as buys ? I'll leave you to make up your own minds.......

As to getting this rather absurd system changed so that buys and sells are correctly labelled, I doubt it'll ever happen. I've seen posters over the years saying they've written to their local MP who then made representations on their behalf further up the food chain, but nothing ever seems to change.

But it's wise to be aware of the current system and not take as read, that a buy labelled as a buy is infact a buy, and the same with a sell.

Current falling resistance from May is now at about 26.60p and currently being tested as I type.

I think it's all too easy to get distracted by thinking about Synairgen soley from a UK perspective and what's happening with Coronavirus infection and death rates in the UK.

If all goes well, and it's clearly still an if - until more news is released, the market for Synairgen's therapuetics could be global and the numbers of lives saved / quality of lives improved, huge .....

Share dealing is no different to life in general - money talks and those with lots of it can nearly always secure an advantage. It's not fair, and you certainly don't have to like it (unless you are such a person of course lol), but that's just the way it is and there's no point in letting it get you down ......... gla and news really can't be far away now ??

* to clarify my last post, the rising channel support can be traced back to March when the recovery commenced in the SP after the 'COVID-bottom' but the resistance was set on the 1st June, which then impacted today's candlestick. Hope that's a little clearer....

No mystery, just TA taking effect - RSI was too high when the SP broke into the 5.5's earlier today, plus the SP broke above the rising channel resistance from March, but has now fallen back well-within it.

I don't hold CGP shares......aimho

Give me Blackpool any day anyway, Blackpool is ace !

55p is a liitle low, 80p would be good :)

morning Grim and well said mate it's like pulling teeth here

rallying now :D

Roll on 15th October, let's get this sold !!

When a share is suspended, it simply means that it's suspended from the market and cannot be bought or sold, so buyers are locked-out, and holders are locked-in.

hi rcgl2, far from expert, but I like Exponential Moving Averages over Simple MA because they give a quicker indication of trends. The 50 v 200 EMA is good for golden crosses and death crosses.

Like RSI too for overbought / oversold indications.

Volume is a very important indicator.

Also use Fibonacci levels as they very often come into play on retracements after big spikes.

I tend to use candlesticks including their wicks, rather than line charts, because they offer so much more information. I look at all time frames to glean different perspectives, but mainly refer to the 1 day chart for overall picture, and the 5 minute chart for intraday stuff.

The best indicators imho are resistance & support levels - both horizontally and in rising / falling parallel channels because they come into play time after time.

Finally, I look for triangles and wedges because these often come into play too. Your cup&handles, head&sholders etc are also useful.

In conclusion, it's best to consider many indicators imo but if i only had 2 it would be support and resistance levels.

atb

hi mistermeister, i can see what you're saying and it could be argued that a tilted-cup & handle has developed since April/May 2020 and the handle is currently forming. The degree of the tilt would depend on where you drew the left lip of the cup of course.

I still reckon that the resistance of the falling-channel dating back to May 2019 is still very much in play and is currently @ ~27.00p

Whether using the falling-channel or c & h resistance levels, I think the SP is going to need to get to about 28p to give any confidence of an upwards move, before rising to the April resistance @ ~31p then May 2019 resistance @ ~42p

We shall see ..... atb

.... pleeeaassee !!

I was trying to eat my lunch LOL

hi Novicehunter, we are re-testing the falling resistance from May 2019 again today, but I'm afraid that the volume so far is insufficient to break through imo. More buying required !

NT means Negotiated Trade - you have to leave your trade in the hands of your broker to get you 'best price' but it often doesn't end that way and you get a poor price whether buying or selling imho

hmm...price has come back down to 250p -- yet more order-filling?

I will be a little disappointed if the close isn't above 250p but plenty of time before then :)

8 weeks.....

it'll be shaping-up like the OK Corral....... :D