Member Info for scubaz

Revenue* of £1.2m (FY14: £3.4m) in line with revised expectation • Overheads** fairly constant at £2.4m (FY14: £2.5m) • Adjusted EBITDA** loss of £1.6m (FY14: profit of £0.0m) • Loss before taxation** of £1.8m (FY14: £0.1m) • Loss on discontinued activity (IntelliSAW) after taxation of £1.0m (FY14: £1.0m) • Net closing cash balance £0.5m (FY14: £3.1m) • Post year-end fund raise of £2.5m

Never say no , although we did in Scotland ;)

Spot on with that double bottom, I still think it has a good chance of higher highs with a break of 1.6, which would mean circa 3.5 while hitting that Nov 2010 and 2012 horizontal 3.4/3.7 area. Although it might only get as far as 1.6 to drop to a lower low 0.8/0.9.

Downward trending since early 2014 but it has also been upward trending since March 2015, so we have a recent upward trend within a longer term downward trend. It needs to break circa 1.6/1.7 to break out of the longer term downward trend which is the main reason, I think it would go from 1.7 to circa 3.5 as these kind of reversals can have a fair bit of power behind them. Equally if the recent upward trend gets shattered then its lower lows say 0.8. So its 50/50 but better to buy at 1.2 than the 1.6p a few weeks ago. Despite the conflict of trends there is a short term trade from 1.2 to 1.6 that might be worth a punt even if it decides to break in the wrong direction.

I know nothing about the fundy side , it could well be worth punt at 1.1/1.2, ( but there is that 0.9 p below), Targets 1.6/1.7, it could head to mid 3s , but I can see that 2.5 area. As with any trade put a stop on (although if you buy at 1.1 is it worth it if they pull it down to 0.9, and it heads back up to 1.6 ). Good luck all :)

Couldnt break that 1.6/1.7 resistance , noticed the sell at 1.31, so might be worth a punt from 1.2/1.4s if it gets there, if it breaks 1.7s then its mid 3s

who knows but above 1.7s then its 3s IMHO :)

1.6/1.7 to 3.5 or back down to 1.3 to have another go

Yep could be worth a punt. Watching for now. I hope you are on the mend :)

For me it needed to bounce from 34 to break that 2013 trend and keep the 5yr upward trend intact, but perhaps its a bear trap and a ride back up to mid 30s. Looks a bit 50/50 , tight stop and I wouldnt be surprised to see 17/20 if it becomes a damp squib bounce

Its been downward trending since its peak in 2013 so a safer bet puts it at that 17/20 area , place your bets if your a bull or a bear :)

Been away for the last week, Could be a bear trap and back up to 29 but at what price will the fund raising be?? and if today isnt a bear trap then major support has gone and it could slide further 17 and 20 .

There is also those april peaks 2011,2012 at circa 28/29 for a bounce so low 30s or 29/30 if it gets there

Although you could argue its been downward trending from October 2013 so a break through major support would be nasty. Certainly a short term bounce from major support even if it was destined for further lows over time. Tight stop perhaps at 29/30

Hmmm yep major upward trending support would put you in the 30/34 bracket for a buy. I havent done an accurate chart

Might well get a short term bounce but 6/7s are a possibility , game changing news required

Well done all, 21/22 next stage (from Memory) various gaps above

from here 13.5 or 21 looking at the weekly chart, perhaps favouring 20/21 , Best I can do. Fill your boots at 11/12 if went there due to the horizontal support. Going back further to 2011/2012 there is support at 15.5 where it recently bounced from so its possible 15 was the bottom. There are various scenarios on this chart, If I was bullish I would say 20/21, bearish 13.5/15.5. Take your pick

So you could argue its a fair trade to 20/21 but perhaps some kind of positive news required

Needs to get past 18 to be sure , Its a strange one as there is a channel it has been sliding down which would take it to 13.5 for the nxt lower level bounce on the weekly with potential to slide to 11.25 hitting horizontal support. But on the daily you have the possibility of a trend reversal from the 20th April but its early days to be sure. I would say above 21 would be a proper trend reversal as the top of that weekly channel is at 21.25. Clear as mud I suppose