Member Info for Stupmy

From my point of view we've put in a lower high and there is a very good chance we'll touch that ascending tl support (if it acts as such) currently around 21.2. To put in a lower low, we'd have to close below 20.9 (more convincingly still 20.7) on the day. Obviously that wouldn't be a bullish sign.

No problem at all, was just a bit confused (I often am, not like people such as Philakrone).

I've just looked that up Jeffrey and want no connection with it. If you need to sell a winning 'method/strategy' it's not a winning method/strategy. Common sense at all times. If you're winning, there's not limit to what you can win. You simply do not need paid subscribers.

Jeffrey I'm sorry, I don't understand. OneDb1 was discussing the swing in this instance. Did you mean to direct that to him?

Onedb1 I don't have a strong view on where it's going for the moment but believe that there is a possibility of some downside. I won't expose myself to the same levels as previously until I do have strong view. Also worth considering that ENQ is not the only rabbit in the field.

KO what reading/comprehension age do you have out of interest? Might be worth having your mum interpret some of the postings on the board so that you get a clearer view. Does English come naturally to you?

What would a delay on the GE deal do the SP? Drop to 17p area? I'm working on the principle that a close on any 2h period below 23.7 would be bearish. There's a short term rising TL support that might kick in around 23.5. If it doesn't then the pattern from Sept 9th to now might prove to be a bear flag pattern. We've been testing the 23.7 area for the last couple of days. I bought back about 25% of my holding at around 23.5 (I sold everything at about 22.5 so have taken a penny disadvantage more or less). I'm looking to increase my exposure, but remain concerned about wider market stability and the bull case on ENQ short term at least.

I have no concerns either about ENQ itself, but wider markets look well dodgy and a more serious correction looks entirely feasible. Whether that brings the ENQ SP down or not doesn't matter to me particularly as it will certainly be associated with wide ranging drops in SP's offering up good opportunities. I've closed out all ENQ positions at a profit. Maybe I'll regret it, but if this correction goes much further 'Cash will be King'. Good look to everyone.

Rise in the SP seems to be stuttering at around 23.75 (not so far off my view of 23.65). I see a close above 23.8 now as evidence of a bullish continuation. If that were to happen I have the next logical target as around 26.7 (that's calculated by Bukowski as what might happen more than 50% of the time that price breaks out of a triangle formation). The chart related targets around there are 26.5, 27 and 30 (ish). Let's hope we get that break.

Good buying into the close. That's normally considered to come from 'smart' money, experienced/professional participants. Often portends a good following day. Let's hope it does this time round. I had my first decision point around 23.65. Fingers crossed that will not act as resistance, and I don't think it will.

Wider markets are looking very shaky, probably best not to be over confident at the moment.

Looks to me as though we've seen the bottom for the time being and that SP is headed up. I personally view 23.65 area as our next decision point, although we might see a retest of 22 at some point.

I personally believe the SP will move to 30-33 reasonably quickly. I don't rule out 40 or over. I work mainly on TA.

I've now bought back a lot of what I sold at over 25 for just over 21. Maybe the bottoms in.

Maybe you're trades that have given the price a bit of a boost just here. It still seems likely that we'll visit that tl support at 20. I have bought a little back though. Probably a mistake, FOLO and all that. It's possible that the drop in the US markets is over for the moment and we'll see a little bullishness, but there is still considerable downside risk in my view.

'Build it, and they will come', beautiful sounds Roman (Romaron). Many countries have built Olympic stadia for summer and winter games and although some went, they didn't always stay very long.
'Where have all of these people come from', that really made me smile. Cracking.

For Enq, the selling did start this morning, but the buying has apparently equalled it for the moment. Maybe close to a bottom? I guess only time will tell.

If the pattern so far this week holds, we'll get selling first thing tomorrow. Maybe an attempt to drive the SP down to the 20p level.

I've said it before, but am happy to repeat. I hope we are headed below the oo price. 17p area is a technical one that might be hit. Just a waiting game now, to find out when it turns.

I think Savemore is right KO, things are very different now than they were when POO tanked. We've survived and in my view we're coming out of the otherside. I really don't think it will be long before the SP turns back to the upside.

KO, if you believe in the company and the management appear to (as do I currently), then this is great. The difficulty is not the SP retrace, it's the fact you didn't sell on results. Some others here posted that usually the SP here drops back on news. I close out a lot of any position before news (I'm lazy at times and sometimes get caught out and turned over, but that's my own fault). For me if it were to close the gap to the 17p area, I'd be incredibly happy and buying everything I sold back probably plus a bit. Just have to wait a bit longer now to see where the SP retrace ends. Could be here, could be my 20p area, or if I'm lucky it could be 17p. I don't think it will take as long as you think it will to get back to 25 and then move up to 30-33p. Get into the habit of selling a proportion of you shares on news. You'll make more than you lose in my view. No-one every made a loss by taking a profit. General markets (US at least) trembled a little today, also oil. Not at all surprising that they buyers didn't come in for ENQ today.

That was meant to read 'might act as support'. Apologies.