Member Info for ScottyGonzales

Almost exactly the chart I'm looking at, and I agree with your sentiments.

If 1.6 is broken and it breaks out, what are you expecting for upside?

I've got two interesting levels of resistance on my chart, but interested to hear your take.

The charts are looking very very compressed here... Either going to take a bit of a battering, or absolutely fly in the short term horizon IMO.
If it drops 15%, I'll be out, but hoping for a breakup. A close of 1.6 or above on any day would be a great sign that we're breaking upwards towards that 2.5-3.0 mark in short succession.

Just my opinion ofc - DYOR!

The share price movements in recent days haven't filled me with confidence. If it should go up, but doesn't, then it's often a bad sign IMO. I sold my holding earlier today with a tiny profit, but will be keeping an eye open if upward momentum begins

Thats what we like to see!
I bought a second tranche yesterday, so keen to see the vague neckline mentioned, around 1.70ish, break to the upside. If it breaks, hopefully next stop 2.5-3.0ish.
1.69 currently, GLA

Very useful, thanks

*hitting 3.0 = over 100%

Geng, yes - the neckline is currently not clear, but can be made out as a slightly downward sloping neckline, currently around 1.70. The risk/reward made speculating on a second shoulder around 1.4 worth it, since my stop is now >1.3, and even the tiny movement so far already yields a 7%+ gain. Hitting 3.0 would be nearly 100%.

Congrats on the trade you shown. Personally it's not one I'd have traded, since it doesn't tick all parts of the rule, e.g. usually HS or IHS only work with decent probability if found after a clear trend in the opposite direction.

Are there any other fellow hocus-pocus TA chartists out there?

In case there are, I thought I'd share my two cents from charting perspective. If you look at my posts, I recently held off buying at 1.75 and mentioned I would buy if it dropped in short term to a support level. This was around 1.4 mark, and I bought just above this.

The reason: we appeared to be in a rough and long linear downtrend, which of course can't go on forever, and the previous chart setup gave a slight glimmer that the second shoulder of an inverted head and shoulders could form around that area (see first shoulder 16th Dec @ 1.40ish, head 29 march @1.30ish). If the neckline breaks to the upside, I'd expect to see the SP fired upwards to around 2.5-3.0 mark in quite a short period of time as a next stop. Just my personal view though! Please DYOR.

I'm in - bought @ 52p inclusive

Here's the sort of area I was waiting for... I'm in, first tranche

Looks like an interesting one, might jump in here at some point

With average of 4p. Agreed it feels like it wouldn't take much to give a significant move.

Yikes... Great bargain for somebody.

Hi, does anyone have any decent research reports they could share, which give a decent insight into what this should / could potentially be worth?

"But when it goes down, they never get in"

It's what I do almost every time, been trading the markets for 15 years. I look for stocks which have promising fundamentals supported by a significant trend, then chart the stock. If the price either falls to support, or breaks up through resistance, I buy. This way, I can manage my risks with stop losses not far away.

Does anyone have any decent research reports to give an indication on what this should / could potentially be worth?

ElectricLion, excellent post below - thanks very much!

Watching from the sidelines currently. If we see a notable drop at any point, I'll get in - feels like one which could give some decent upside when the market decides it's time.

Strong positive trend on this one, leading ahead of gold price movements. My spreadsheet should have been flagging this one as an immediate entry at 98, but annoyingly I missed it. If we get anywhere near those levels again, I'll enter with target exit of 200+

Chart doesn't show a good trend, however I'd expect some support around these levels, and upside looks significant.

Bought at 20.4p, target exit 60p