Member Info for Tornadotony

Rising support line hits 66.9p tomorrow. Resistance is forming higher highs so both support and resistance moving upwards together.

Managed to get 66.87p. Surprised it dropped back, but fortune favours the brave.

Entry buy at 38.65p. Huge resource of Titanium that has multiple uses. I would expect demand for titanium to increase with likely higher defense spending.

Thegoldrush

You are spot on and hence I opened up positions here. If USD goes back down, oil is likely to go up priced in USD. Tony

Chart looks like a cup and handle bottom.

Really nice consolidation. The more days around here the better and stronger it is.

Could be an interesting year for this company.

I have decided to pull out and run with ITM. I just want to wish all of you good luck.

Apologies for my mistake yesterday in getting AFC mixed up with a typo of another company when checking short tracker.

Something is brewing here either tomorrow or following day. It can break either way and either another RNS or something in the sector as a whole happens. Have a rising support line coming into resistance. I prefer entering a position when the opposite is happening on a downtrend going into support.

regards Tony

Has no short position above 0.50% on AFC. LSE here may not have updated current position.

Any consolidation is like to end within 3 daily trading sessions. The break in the current pattern can go either way, but unlikely to stay flat.

Bought some BP. Expecting to average down if it goes lower in the coming weeks. A case of drip feeding in.

The charts are suggesting that AFC is possibly not going higher. It has opened twice identifying areas of support and resistance. The resistance this morning was at a lower level on Friday. Of course things can change later in the day, but the 12p support area has to hold to support the case of consolidation.

Lower high at the open. Support holding at 12p. Same pattern as Friday open except slightly weaker. Must hold 12p area otherwise peak in charts is forming.

Sonofa

The chart is starting to show a peak formation. Monday and Tuesday will decide either a consolidate and move up or it confirms a down channel in play which has tested where support and resistance were in the channel on Friday. Tony

Currently oversold on hourly, no overbought signals on 5 hourly and weekly. Daily only two overbought signals that have reduced in strength from before.

If you want good news on Monday to power things up, it is best not to have overbought signals or precious few of them. The buying stimulated by news has more energy and impact on the SP on market opening as traders selling does not happen to much later. With any luck 8.1p may become a future support line instead of returning to resistance.

Hi Fortuna,

RSI and stochastics. Important to note different time indicators. BRES is not overbought on a weekly measure. Monthly is less reliable and we just have to look at gold with a monthly RSI 95 and getting completely ignored. The hourly , 5 hourly and daily indicators are more interesting on an event like yesterday on BRES and you sometimes see where sellers may come (traders) in as RSI goes well over the 70 overbought signals and stochastics is at 100%. The 5 hourly has been reducing its overbought signals and just has one. It is when things get overbought on the weekly that you sometimes see a day where the stock pulls back and the following day or a couple of days later it goes back up as it rinses down the RSI and stochastics to less overbought or not overbought at all. In essence BRES progress is not likely to go up in a straight line in the charts.

In the daily the RSI is just above 70 and 5 hourly has one indicator overbought on stochastics when I last looked. Interesting to see how it responded when heavily overbought and some sells began appearing around 8.8p. Half an hour to go and doing nothing at 8.6p is a good result on the day if it can stay put here and leave no overbought at start of play tomorrow.

Could be news on DFC front. You guys were right on this passing 8p. Warrants are disappearing at a heck of a rate volume up 800,000 in the last 90 minutes or so.

Thanks SP

I have BRES as well and it looks as if something is in bound.

Tony

Market maker does look like they are short of stock. If hot money goes in, it could be a back up the truck and they have to do a UT to get more stock.

SP

Do they have all the funding in place this year?

tony