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Well, yeah, I mean, according to your prediction yesterday, ("Big upward trend forecasted for tomorrow. Should see a retrace of 8-10%") there's a further c 7.5-9.5% to go today. I look forward to it, just let me know when I can stop holding my breath.
Tend to agree Stupmy, whilst 400 sounds nice and would give c. 100% on a rise up to £8, I see very little support there. 342 looks much more supportive, but looking at the rising MACD on the daily, I don't think this has got long to go before the down cycle is complete.
This is oversold.
"I would think the sell off is largely due to the individuals who loaded up last Thursday realising the individual who promised news today was lying."
I reckon that twunt champion select (who has since disappeared from these boards along with all their messages) was part of a ramping crew who probably read the momentum and future direction well enough to know that if they all stuck down c.200k buys and ramped hard enough, then the excitement/gold fever on this board would do the rest - which it did. They got their 20% and promised "big news by the end of this week" etc etc and that helped them achieve their goal.
I suspect the drop today was absolutely related to CS (or is it BS?) and their mates all pulling their holdings out at around the daily 200MA mark and then momentum did the rest. Note also now we have others here with a low post count suddenly de-ramping . Wouldn't be surprised if it's the same person/crew now shorting the price.
Can't fault them for their technical analysis and playing it, and it makes no difference to my holding/views in the medium term here for SOLG. Let the players play, (stats prove they never win) and hold tight for the real big %'s when this Mather load blows (urgh)! CS and their mates will have wished they weren't out of this share then LOL.
From annual report, published today:
"Offer period
In November 2023 the Company entered into an offer period and has subsequently engaged with a number of interested parties to determine if a potential sale of the business could deliver greater shareholder value. No sales discussions have concluded and the business therefore remains in an offer period."
No mention of Decluttr sale which I recall someone mentioned was in process or had already happened or something.
It's just trading. Look on the daily chart, the price hit the daily 200MA which is also coincident with the highs of 27th December 2023. This will likely now come down to a support level before next leg up. Hold tight!
Https://www.bnamericas.com/en/interviews/solgold-pinning-its-hopes-on-ecuadors-cascabel-project