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Agree whole heartedly with Plumber... we have done the hard work and boyyy its been hard! I have almost sold out so many times. I refuse to sell now, Cineworld will be at £1.50 within the next year in my view, they are gains I am very happy to make!
Trade calmly... did you worry when the price was dropping and it made a small recovery with more sell orders? No. Now it is going up, think about all the BUY orders that are being placed.
Please don't sell while its going good ... If you held on the way down, you better damn hold on the way up! Otherwise, you are definitely going to lose money over long term with this mindset.
We broke out of the downtrend. Just this level per my chart attached below (70p) for me is the one we need to clear and we will be well on our way back to 80s and 90s.
https://snipboard.io/BsiWkL.jpg
We just turned green for the month...
1. That is the second month green in a row, bullish
2. We turned green on the latter end of the month, bullish
3. We turned green, just as James Bond is about to be released which gives a good view into market sentiment, bullish
4. Airlines and Travel companies are going up and there is and has been a correlation, bullish
5. Court case is a farse, bullish
I am more bullish now than the previous run we just had to £1.24. Why? Because the future is clear for cinemas, they are not shutting down!!!
Sometimes over complication can create anxiety.
Putting it simply, cinema was making big profit before the pandemic.
Huge films coming out.
Sentiment across the market is positive.
£1 share price is still cheap as **** vs pre-pandemic.
We are above the downtrends from pre-pandemic and post. Uptrend incoming.
We will see £1.50 before EOY in my view.
Court case… any updates here? I can’t see it going anywhere to damage cineworld.
Opposing views welcome!
71p has been a ***** these last few weeks. With this momentum, I can see us breaking through hit. I have a v good feeling about this launch, it'll be the move we have been waiting for. December SP will be above £1 easy.
I think we will be into 70's before EOM, possibly higher.
Thanks for the shout out pal, sharing the chart here for anyone else to view: https://snipboard.io/3S9jgL.jpg
More often than not, when a trend line is broken, it truly is the direction the price is about to take. The difficulty, is drawing the itself because you can draw a line from pretty much anywhere. To draw my lines, I find out that has as many touch points as possible and is logical. Hope to see the SP grow from here.
Chart looks good. Breakout to the upside could be possible here. It is the first time in weeks that we have traded above this down trend line...
https://snipboard.io/3S9jgL.jpg
Hey bud, love to be challenged, so I don't mind questions.
I have had these lines drawn for a while, but frustratingly and as you can see, the price keeps bouncing off the upper line! Super frustrating to watch, but nevertheless, it is staying in the trend.
I have always found when a bull flag meets (top and bottom line), a direction is always forced to happen.
If a direction is going to be forced, I weigh up the probability of downside and upside.
Downside = they do another lockdown and delay Cineworld opening up and gaining profits. However, even if this were the case, this is a short term issue and is not forever.
Upside = new films coming out, Bond Movie will drive in more people to the cinema and other films, too... the fact that there are new films on the table suggest to me that conversations behind closed doors means that cinema is not dead.
I believe the downside is going to be short term from here and the probability of upside, along with the up and downtrend meeting, will force a direction to the upside.
It has been a few months wait, watching this trend form, but I feel more bullish than ever right here right now. And, we all know how this stock can rocket after weeks of turmoil.
Cheers again for questioning
Nice! Here: https://snipboard.io/Mi4dHj.jpg
The chart looks so bullish, it is crazy. It is a shame I cannot post an image here to show what I mean, but in short, we are at the edge of a huge bull flag and I don't think we are far away from moving toward the £1+ mark.
I don’t think the rocket is far away. We will be back 80+ by EOM. £1.50 is around the corner. Why you think this is so shorted? The lower it can go, the bigger profits will come for those manipulating.
No, she’s at the cinema.
When this explodes, it shall be relentless. Hold and wait.
Talk about not AimingHigh lol. I think 70p is doable
Yeah, it’s true. There are gaps higher as well. Long term this is upside to £2 easy. I just meant here if you are doing short term trades or day trades, I am expecting a pull back.
Hold or sell depending on if you are day trading. Large gap left unfilled from yesterday. I’m going to wait on the side lines for a pull back, hopefully I didn’t mess this up lol.
At some point in the near future, this is going to rocket. I believe it will go higher than 1.20 peak. Let Cineworld do it's thing, it made a pile of cash before the pandemic, it will happen again. Box office is the only way for film release. Netflix cannot compete against the box office market - sharing passwords, piracy, competitive subscription prices etc. Cinema is the way for new films.
Yeah I noticed this too, usually indicating a big boom. I don't know what Cineworld is doing, or what is happening behind the scenes, but based on the price action, the daily 5% + drops seem to be over. We must be nearing A bottom, possibly not THE bottom. But I do expect a bounce. RSI completely oversold on the daily and weekly as well. I know markets can still continue to drop when oversold, but some recovery is better than none in my view.