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The (21 55 8) MACD gives it away, daily crossed up over signal line and 4H MACD been positive since about 8th March. Weekly looks to be nearly done as well. Recent downtrend line crossed, so all looks good technically from here. FIngers crossed and GLA.
Yeah, patterns don't really mean anything more than a change might be happening or nothing at all. A lot of people assume they're definite and don't look for confirmation.
I find price action, macd and multiple timeframe analysis are quite reliable on larger timeframes, which is how I trade over periods of 2-3 months. But nothing's perfect.
You mind you don't choke on that cheap plonk mate, or should I say the ultimate grey man. So keen are you to preserve your identity that you can't help yourself bragging under your pseudonym on a public forum.
Anyway, Empire looks shiny, but it will likely be life changing in the wrong way for you. Remember that all that glitters on AIM ain't gold. It's a different world from ftse 100 stocks. Fundamentals mean very little there. I won't be touching AIM miners with a bargepole, you be careful investing for 2-3 years, that dilution and the casino that is AIM will ruin you. But it sounds like you can take a big loss. I hope it comes good for you.
I'll be in touch when EZY turns back up, but only on the technicals, obviously xx
Vietnam? The war's over dude! I hope you had a nice time, not sure why you feel the need to brag though. Sounds quite insecure to me.
Thanks for your tip, I'll take a look. I hope you don't get burnt though if you're so exposed in Empire Metals. Why only holding for 2/3 years, I thought you were a fundamentalist? Surely you're holding for life and passing shares down? 2/3 years sounds border line like a medium-long term trade to me... You'd better be careful mate, wouldn't want to be classed as a day trader eh!
Who ever said I was a statistical expert? Not me, I think you're making stuff up. You haven't ever tried to help me, you've just been rude and arrogant since our first interaction, which by the way, shows your personality in spades, rather than your shallow boasts.
My tip to you is that you pop those naughty technical traders on filter me ol sausage and that way you can just interact with your fundamentalist groupies, so they can all nod their head when their great leader speaks.
Toodle-pip. xx
Ahh cevodunny, I've missed you mate. Were you waiting for your temporary suspension to be lifted or were you residing at His Majesty's Pleasure somewhere?
I hadn't guessed that you were a fundamentalist.... Much. See I respect your perspective, despite your rudeness and disrespectful attitude. I acknowledge that there are both technical and fundamental views held by many people. And both can be successful.
The fact that you are a fundamentalist is your choice, and I respect that. You have to stomach the ups and downs over a long time to be 'right', and risk losing significantly if there's some disaster. Whereas I like to jump about and try to catch the wave of trends, without risking losing all my gains, and in doing so, the trade-off is that I could miss the longer term growth. But I'm ok with that, that's my choice - I don't call you clueless, hiding behind the pretence of the 1000 yard stare, the long term view because you can't see when a stock is going to move up and down, so I don't expect to be called a Charlatan, or all the other things you've levelled at me here either. That honestly just makes you look pathetic.
As far as I can tell, this board is for both perspectives, there's no requirement for fundamental views only, is there? Or is it just that if you don't share cevodunny's opinion, then you're an idiot? In which case, what's the point of this board at all. You might just as well send out a newsletter.
With regard to always posting after a fall, you'll recall that I posted my view on EZJ on the 5th March, 1st March (twice) and 2nd Feb. So far price is doing what I expected. I still believe it will come down to look for significant support before retracing back and challenging the 200MA.
Best of luck with it all and try not to be so bitter in life ehh? xx
That toothbrush will have to wait then.
?
If we go 1 quid, I might pop down to Currys and buy that electric toothbrush I've been eyeing up for a while. That would be nice.
I reckon it has to be around the 90p mark and I also agree if they were going to walk away, or weren't prepared to pay more than Elliot's offer, we'd have heard shortly after Elliot walked.
We'll soon see..
I guess it's not much of a punishment, but it would be kindof shooting itself in the foot if it did a load of work to determine a suitable price, then for some reason walked away without saying "I'm not interested at this time" and the allowing another like Elliot to swoop in and leverage their work to make the same offer.
I just don't see why they'd not say "not at this time, thanks".
What reasons would they have to take themselves out the game for half a year?
Lejb, not correct - see below taken from the RNS on 19th Feb:
In accordance with Rule 2.6(a) of the Code, JD.com is required, by not later than 5.00 p.m. on 18 March 2024, to either announce a firm intention to make an offer for Currys in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.
Awesome, forgot to link to daily chart: https://ibb.co/PT0CDS9
Of course, having said that, the price has gone south... Standard.
I can't tell what will happen next, and it depends on your timeframe for trading/investing. Look at the weekly chart here: https://ibb.co/w0dfd3s you will hopefully see the long term down trend that's been influencing this stock price since Jan 2018. After that you'll see the current down trend from end Jan 2023 which is controlling price today.
I see a nice double bottom pattern forming between 8th Nov 2021, 23rd Jan 2023 and we're at the bottom of the 2nd bottom, which typically (not guaranteed) suggests a big reversal, and when you look at how depressed the share price has become since 2018, there is a strong probability of a reversal (not guaranteed).
If you look at price on the weekly vs the current trend, you'll see this week broke through it and if you look at the MACD (I prefer to use 21 55 8 for clearer trending) you'll see a divergence, where price has hit similar low levels, but not lower lows, and yet MACD has produced a higher low. This is another indicator of reversal. Finally, if you look at the MACD/Signal, they've almost converged, so now I would look to the daily timeframe to see what's going on there.
From the daily chart, you can see from price action that the lower lows are becoming less severe. From the MACD you can see that there's divergence which indicates reversal, and current price action has broken through the downtrend line and is currently reacting to the daily 50MA. If price stays above the trend line, and if it makes a higher high, I'd say we're in reversal.
With regard to flat, sharp up, or down trend re-establishing, it all depends on macro, RNS flow, and watching the price action.
But, DYOR and don't blame me if it all goes wrong :)