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Histogram.. https://imgur.com/a/wSf1BYr
Yes, midprice is very unreliable. Better to judge buys/sells relative to the the trading range of adjacent trades. It's also very possible that larger sells are just short-term traders taking their 10%.
I'm not saying SP won't continue to rise - most likely it will given current sentiment. Just a warning not to FOMO and be the one holding the bags once it gets to the top. Buy the rumour, sell the news plays out more often than not.
Yes - price is rising but keep an eye on the distribution of trade sizes. Someone is offloading large volumes into demand from smaller players. Just don't get spiked people.
No worries - let me know if you find out what it was!
MoneyAM has been replaced by sharesmagazine.co.uk which shows live data for free. However, I find that after about 9am the live values can lag by many minutes, which renders it fairly useless.
Google finance shows live prices (but not the bid/ask)
advfn shows live prices with bid/ask (but you have to click 'back' to refresh every few seconds)
otherwise paid subscriptions on this or other sites..
Best to ignore the buy/sell labels which are just approximated using the bid & ask price.
If bid/ask is 4.0/4.2 but trades are fluctuating between 4.01 and 4.09, chances are the 4.09s are buys and 4.01s sells. All would show as sells given the spread.
Here's hoping 4 holds strong - round numbers (4 and 6) have proven strong resistance last few weeks.
Just commented on this issue in the post below yours - one of the tweets that followed to clarify the RNS used less ambiguous wording:
"Once the well test package is in place, a flow test will be carried out and only then will we know if BRX4Z will flow commercially.
I think the vague wording of Angus's comms has played a large role in the market's muted response. The market doesn't like uncertainty, and recent comms have begged a new question with each one they have answered - a succinct 'water isolated' RNS and I think we would be faring a lot better.
For those of us trying to read between the lines for confirmative statements, Angus's latest (Friday) tweet following the RNS did at least refer to testing in terms of 'will' rather than 'would' (take place):
"Once the well test package is in place, a flow test will be carried out and only then will we know if BRX4Z will flow commercially.
The company really needs to up their game in the RNS-writing dept for this to gain the speculative momentum it deserves.
The difference I suppose is that plans to go private can be outright dismissed if they are not true. At most he could say there are no immediate plans for a placing - but it would be foolhardy to make any guarantees if unforeseen costs arise.
http://www.angusenergy.co.uk/wp-content/uploads/2019/03/13C_AGM-notice-2019-final-003.pdf
pp.6-7
Is it a buy though? It's below the bid price for the trades immediately before and after it.
Not deramping - I'm long and see a good recovery in the coming weeks. Genuine question.
Not a swing trader, but buy @ 62 sell @ 68 would have worked out pretty well over the past few months. Be good to see whether a clean break above 70 is attainable for a longer-term reversal.
Omir - For what it's worth, NT updated yesterday to say that he'd sold top-ups from 70+ (not full stack) and was looking to buy those back once there were signs of recovery.