Member Info for Svend

nicknaim Maybe Turnaround Tuesday if SPX clears the resistance (lines of shorts) arround 4585 weekly high & 4610 then we could see a squeeze 'takeoff and liftoff' for another attempt breaking above the overhead clouds @ 130s

Oldandwiser to be honest maybe a trading zone between breakout above 1179 and breakdown below 1014.5 see https://www.tradingview.com/x/wXq40tNi/ can you please draw ''The 5-wave count in the upper time frame, monthly, from 2016. Looks like we are fast approaching the fifth and biggest wave, upwards in the multi-year sp cycle for Poly.''

Dibs61 I agree just look at the BDFI (Baltic Dry Freight Index) for context to the inflation story yes it's here on our doorsteps just now but looking at the BDFI it is nothing more than a mirage, now you see it now you don't, in my opinion, low-interest rates and high inflation is not compatible in the long run sure the 1970/80 area was different then interest rates were elevated in the low/mid 10teens % not comparable with today's monetary systems

Pipedreamer > As mentioned we have a 5 wave down-channel from £ 20 to £ 10.50ish if the selling sentiment is not done by then say max 1040 (double bottom) then an SP visit down to the Fib 78.6 @ £8.00 is not out of the question although, in my humble opinion, this is a far less likely scenario given the positive fundamentals from last weeks Production presentations. > Agricore - well spotted yes I confess I am and remain a big fan of XPD and the inside bar reversal may also actually be a 'Spring' which I should have taken action on the face of it but failed miserably to do due to my misgivings with the prior COO and management.

pipedreamer > thanks imo there are 6 culminating factors appearing at these current SP levels.

1) Outstanding Fundamentals with a 9.5% DY coupon.
2) Price retracement @ the Fib 61.8
3) Previous resistance (Summer 2017) now potentially becoming major support.
4) Just below the weekly 200 sma.
5) Gold Price at a technical level versus the US Dollar.
6) Double bottom formation
And finally, from a tealeaf perspective, we have a 5 wave down-channel from £ 20 to £ 10.50 alternatively if the negative sentiment is not abated by then an SP visit down to the 78.6 @ £8.00 is not out of the question although, in my humble opinion, this is a far less likely scenario given the positive fundamentals from last weeks Production update and therefore more likely overriding the technicals here. Please to hear your takeaway on the sp?

Monty > Berenberg Bank set a target price of 2,200 GBX indicates a potential upside of 50.2%. that is more in line.

downbutnotout > Maybe £ 1040ish double bottom (March 2020)

pipedreamer - https://www.tradingview.com/x/6T8DsaG9/

Hi jackie1 - Very encouraging trading update depending on the interpretation of the following statement:

''Advanced payments to secure key supplier performance and additional cost associated with a new freight forwarding operating system in the UK means the Company expects to report a net debt position £4.9 million, as at 31 December 2021. Alongside the new operating system and implementing new processes, receivables have increased which will unwind in 2022 as these processes are embedded.'' what is your takeaway?

*5 (Not 4)

POLY is getting very interesting in my opinion, there are 4 cumulating factors appearing at these current SP levels.

1) Outstanding Fundamentals with a 9.5% DY coupon.
2) Current Price retracement @ the Fib 61.8
3) Previous resistance (Summer 2017) now potentially becoming major support.
4) Just below the weekly 200 sma.
5) Gold Price at a technical level versus the US Dollar.

And finally, from a tealeaf perspective, we have a 5 wave down-channel from £ 20 to £ 10.50 alternatively if the negative sentiment is not abated by then an SP visit down to the 78.6 @ £8.00 is not out of the question although, in my humble opinion, this is a far less likely scenario given the positive fundamentals from last week Production updates and therefore more likely overriding the technicals here. GLA DYOR

Robbyw Yes the Volume yesterday Friday was huge 35.5 Million as opposed to the average of 16.5 Million, the last time Volume was this high was back on 29th November after which the SP increased the following 4 consecutive weeks on falling volume... generally speaking, the SP has been under accumulation since mid-August 2021 another observation yesterday's close was the first monthly close above its 200 SMA since 2014 (financial debacle & Warren Buffet crashed the party). Closing back above the 200 SMA might catch some attention from other larger whales next weeks/months ahead. Meanwhile, this small fish is happy with the crumbs. GLA

SS17 It; 'hold your horses' looks like Wall St. is having another go after hours the far east markets are now pricing in another negative opening tomorrow so just some more volatility i.e. smoke and mirrors only time will tell..

The Wall Street bhoy's are playing their games they have managed to print the biggest (Thor's) 'Hammer' candle chart formation on the SPX for a very long time today could we maybe expect the RR SP to take off vertically tomorrow?

Very nice double bottom formation on the 1-hour time frame and in combination with the 0.38.2 fib retracement levels if you are a short term trader..

ro55fay > One could argue without any Government support the private equity markets may not be interested or committed I think RBS/Natwest is a good example where both parts of interest are aligned so the bottom line I am in favour of the abrdn decision to invest in Britishvolt or the new electric battery 'light wagon' of the future be it by road or sea or air let's get the electric racing car infrastructure grid prepared like back to the future movie's its happening one way or another with rapid innovations to save or preserve our planet from overheating.

Agree SteveJ > Short term Gold seems to be stabilizing around $ 1830 the previous December and last week resistance now acting as support.

Shareshunting > PM breaking to the upside if Gold/Silver price can close above $ 1880/25.50 then Poly to revisit the high teens fairly quickly IMO DYOR

PRECIOUS METALS TO BOTTOM SOON?- VIDEO

Chris Vermeulen's latest interview with Silver Bullion TV:

http://www.thetechnicaltraders.com/memberships/aff/go/danscot?i=411

KingSuarez - Yes on both but EA (Environmental Approval) is definitely a must :-)