Member Info for Shanny80

Sorry, that was volume for the day so buys and sells, my mistake. I see March was another month with high volume, is it accumulation or distribution, something we'd all like to know.

Fancy this if I can buy around 75p. How do we know if the £3m and £4m were buys in July? I've got pretty decent support around 74p.

Sold for 15% profit, not a bad weeks hold. Resistance at 102 - 103p area and near results so respect the old adage, buy on rumour, sell on news.

Took a nibble, scale in in tranches from here. Big fish currently changing shares from weak to strong hands at the moment in my opinion.

It'd be easy to throw some money at this right now because it's "just too undervalued" but you could easily find yourself 10% down in a few days. Best to wait to see the tide turning and then hop on board. People were buying here in the 130's and 120's saying it was a steal.

Close below 99.5p and it's looking like 82 - 86p. If that fails then 68 - 73p and it that fails then 50 - 55p zone. I think SLP may see mid 80's. 86p intersects a longer trend line from March 2020 but it's not a respected trend line as not tested fully. The uptrend ended week commencing 4th July with a close below the tested and respected trend line at that time. Alarm bells started to ring 1st June with a lower high though before all that. I know some regard charts as nonsense but it's just a picture of what's happening at any given moment, it's a picture of sentiment at a moment in time. Fundamentals are proven here no arguments from anyone on that front but this is moving on technicals right now. Most shares do when outside of news, but news here soon so something has to give. Remember news hits the market imperfectly hence the ups and downs of a chart.

I think the gentleman arrested 8th July which started the looting and fighting on the streets in SA was the catalyst for the drop, big players started off loading then. Now it's being driven down by covid and inflation which is expected to go higher.

Random ramblings all in my opinion, could very easily be wrong, very wrong. Off for a walk by the river with the family, may take a rod for the little one to keep him entertained. enjoy your day everyone, get outside if you can, summer is here.

Have a great day all.......

Every gap gets filled!

Carnage today, keeping my eye on some stocks that are holding up well, SFR, REC to name a couple already on my radar.

@Velvo, it's an open forum to discuss all matters SLP but as you wish.

SA issue looks to be done with with regards to SLP, covid and inflation woes are moving this. A stock already getting hammered can easily get even more hammered on days like today.

@Velo - Sorry, yes in my opinion. Do you only use MA, MACD, RSI etc for your trend following? I'm genuinely interested on your TA approach, what books have you subscribed to over your time?

Long term trend (not MA) ended start of July so why are you still here? Close below 99p and it's looking like 85p next stop. Massive volume last week was the precursor. Forget indicators and moving averages. It's all about price action and volume.

If 147p fails to hold then we may see the 130's unfortunately.

Agreed, close below 109p will see this test 200 day MA at 103p then 96p if this does not hold. 114p doesn't concern me, it needs to close back above the long term trend line in the 120's and quickly. There is some support at 110p but who knows. Problems started 1st June with the failure to close above 10th May 150p high. Like I said back then, going sideways/trading range for a while this I think.

Nice update this morning, the cynic in me would say those with deeper pockets were given a chance to fill their boots at 280p area. I grabbed a few so hopefully this update and the previous reserves update in June will see this moving back up or at least keep the price at more reasonable levels. Can see sideways action until resolution of the Astor trial. Hope everyone is having a great summer. I must be as not really managing the portfolio as intently, not that I'm complaining, can get some real work done over winter I guess, ha!

Just been offered 300.45p on the ask, hopefully getting near the bottom. I think a bounce at 297p area is likely, if not then 280p possible.

Hopefully, but usually not earth shattering stuff at AGM's. July trading update potentially? Some of the longer term holders may know?

Long @ 306.5p. Might be a touch early but who knows. Stop loss placed with plenty of wiggle room.

Probably all aware but worth a read..........

https://www.reuters.com/world/china/china-release-copper-aluminium-zinc-reserves-stabilise-commodity-prices-2021-06-16/

Touching the trend line on the weekly so needs to hold. I too have support around 400p.......390-395p to be precise.

"I'm seeing that achieved by end of August with the SP being a clear £1 higher than the SP was at close of August last year."
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160p would see last months May swing high bettered so bodes well but first we need to see what areas are tested on this current leg down, 115 -120p need to hold and not close below imo. June 1st high at 145p was slightly bearish, close above 150p from May would've been optimal there, hence why I'm currently on the sidelines watching volume and price action.

Close below the long term trendline from July last year would be bearish, so all eyes on 115-119 area holding up. Also need a swing high above 150p on the next up leg or I think this may go sideways for a while whilst the bigger fish accumulate shares. No real timeframe in mind, but beyond June for the above action and only my opinion of course. Be interesting how it plays out, many decisions on re-entry to consider. Quarter 4 results end of July I think?