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Did anybody else note the small gap in the recent rise?
I think it was around 90-95p
I was waiting for 7p for a large entry a few months back, but unfortunately didnt quite get it. My exit target was 30p, which has now been significantly exceeded... lovely move!
Short term TA not looking good.
I sold a while back and have been sat on the sides ever since. Will be keeping a close eye here just in case a sudden drop causes a bargain re-entry point
Don't know if this has further to go in this run or not, however it has hit my short term target very rapidly, so I've taken profits!
Will be back in if we see a decent dip at any point. GLA.
*cough*
Excellent! Looks like we may finally have the breakout. Decent upside ahead IMO
Didn't quite get the >1.57 close myself and geng were hoping for. So close!
You can see the SP fluctuations via any decent brokerage. Spreadex allows you to chart it properly.
Alternatively, just Google "share price amur minerals" and look on either 1 day or 5 day and you can see the intraday SP fluctuations quite clearly.
You can't do any meaningful charting on the sort of graphs on this site (or even the basic one from Google, above) - best to use charting software through a brokerage for that.
Agreed, though my targets are quite a bit higher than that.
My lower target is the 2.5-3.0 range, with an upper target loosely defined around 3.5.
Best of luck - feels like it could be a decent move if only it gets started!!
Haha, agreed - zero momentum currently. The intraday fluctuations are pretty significant really.
If we can break up through the downtrend and chalk up a close higher than the most noticeable recent high (1.55), that'd be a great start IMO
If we see a close of 1.56 or above, I believe we may be in breakout.
Currently 1.52... so close and so compressed! Let's see, we have had so many close calls in recent days...
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