Member Info for Swanley

Momentum is taking this up nicely right now, but crowd psychology tends to react to significant points of resistance. One of which is coming up at about 586p (Weekly 200MA). What I like is that this price isn't just racing up to that, where you'd typically see a big retrace, but gradually approaching. This might well mean that price just sails straight through that weekly MA, or the chart that has formed today could be interpreted as a couple of spinning tops close to the point of resistance.

There's a previous high from 21 April 2022 at 605p and after that a previous high of about 729p from Feb 2022. Usually previous highs and/or round number are nice targets, before the price pulls back, especially after the weekly 200MA.

Weekly MACD is up, crossed the zero line and getting stronger, so EZJ is still in a nice uptrend on the weekly.

My feelings are that price will go through the 200 MA next week, and maybe race up after that to one of those two targets before reversing for the short term. Time will tell next week, but good to be aware of these things, and obviously could all be BS and adversely impacted by any significant news, and depending on your time horizon, of course!

I don't really understand what's driving this move. No news and from a technical perspective, it had cleared the resistance of the down trend back in mid December, so it 'should' be on and upwards.

Because it is a regulatory requirement of them to do so (as per HedgeHogarth's previous responses).

I agree with this Crystal_Balls. Well done for calling his behaviour out.

Calling someone an "idiot", stating their approaches are "pseudo technical rubbish" and "technical chartist crap" and trying to deny anyone their opinions is neither polite or respectful. Cevodniya, your behaviour is rude, aggressive and disrespectful. Everyone is entitled to their opinions and perspective and no-one should have to tolerate abusive language like yours. You clearly have a strong opinion on this stock Cevodniya, but you can't make others align to your world view by bullying them into it. Others may have a different perspective - which is ok too and that's the point of this board, to discuss and share opinion, not coerce others into aligning to your view and slapping them down if it does not align with yours.

My pseudo technical chartist crap approach has told me to get back in, now the recent decline has ended, and I'm long for a new target of about 713-720p with a watch around 586 where the weekly 200MA may exert its authority on the SP, but what do I know?

Now 7.5% up. P*ss take.

Suspect imminent RNS incoming then..

Same here

This is starting to go bonkers, could very well see it hit the Daily 200MA today or tomorrow at around 282p

This might move up tomorrow:

16-Jan-24 17:10:14 169.365 560,133 Unknown* 168.90 169.30 948.67k O

16-Jan-24 17:06:50 169.00 80,000 Unknown* 168.90 169.30 135.20k O

16-Jan-24 16:59:36 169.009 4,104 Unknown* 168.90 169.30 6,936 O

16-Jan-24 16:45:00 169.00 27,589 Unknown* 168.90 169.30 46.63k O

16-Jan-24 16:36:00 169.254 30,000 Buy* 168.90 169.30 50.78k O

Yeah, not quite...

Logic for me was: the up trend has stalled and the target price now looks uncertain at least in the short to medium term, so I'm booking my realised profit and finding something else.

Don't worry, you'll get the hang of it ;)

Lol, or last of the big spenders. This time next year Rodders, we'll be millionaires!

I don't expect anyone to take anything at face value.

Next stop as of yesterday morning's move was c.5.87 but it failed to hold and that printed a pattern which I've interpreted and reacted to.

Not sure I have any obligation to explain myself, but Sundenza asked a question on why the drop, which I'm entitled to give an opinion (as are you). Think you might be a tad emotional here. When did I ever state I was a long-term holder? I am a trader, not an investor. I trade what I see, I made a healthy percentage, so I'm out and onto the next, that's the name of the game for me, I respect your courage if you're a long term holder - good luck to you.

Technically price had performed a bearish engulfing with a doji yesterday where price went higher than 21st December, but did not stay above its close and has come down since. Daily MACD is done (I use a 21, 55, 8), so I would expect a retrace down to maybe 465 ish and then we'd need to see what's going on after that. I sold out today because of this and will see where we are after that retrace as I'm expecting this to hit about 7 quid in the medium term. There is the tricky matter of the weekly 200 MA that needs to be overcome however...

The chocks (from the previous congestion between Jan and Jul 2023) are nearly off. EZJ seeking permission from control to move to take off position on runway 1. Next stop at 587 (200 weekly MA) here we com.

I Need some help with my flying puns.

Some very large after hours buys here tonight.

I reckon this will be touching down (did you see what I did there?!) around the 467 to 457 mark, if it's a typical 38% retracement, and because there is support around that level from previous highs and MA's on the weekly and daily charts.

Weekly MACD is still showing up trend and will break zero line next week. Just buckle up and make sure your tray tables are stowed and all baggage is stored in overhead lockers.

I think everyone's got stories like that.

Don't be disheartened. At least you've got the b*lls to think about investing and know enough to do it through an ISA. Some people don't even know what an ISA is, or what they can do with it - so don't be too hard on yourself.

Learn from it and work out what and how you're going to improve in future or these losses will define you.

Keep yer chin up, worse troubles at sea!

671.6 on the daily 100MA. Likely resistance there. After that, previous high around 692 and after that, longer term trend at c. 700.

I see. Thanks Valueplay.

Someone has confidence

16-Nov-23 16:35:29 559.40 840,581 Buy* 559.60 559.80 5m