Member Info for Tornadotony

Now heading into its normal handle creating range. I would hope the order buy book is filling up between 96p and 97p and we get follow through on the first trading day in January. The mining indexes are now moving up and starting to catch up with Pensana. Hopefully that index has 3 weeks to push higher. Pensana has moved one week ahead of the others in that index.

After a tie of 7 days of going up , we had to expect some monies getting taken off the table for a down day. It also helps cooling off the RSI and so forth. The key is where it holds and a drop to 97p or 95p area creates the handle in a cup in a chart formation. Important not to go further down as it destroys that particular formation and so follow up support at that price pull back drives the momentum to a higher level in early January.

I added in the ISA as well at 8.23p.

Trading below the standard metrics given for resources and reserves in the ground and cash in the bank. The value placed on inferred resources all rated as zero. Future VAT rebates valued at zero. Value of Kenya asset only priced on 117,000 ounces of Indicated resources at $30 an ounce. Book value is on just 50% rate. Reminds me of the banks in 2008 collapse and how they were trading sub 50% of book value. At some point the CEO and Board need to present themselves to the market.

It would be the 7th day in a row if we stay positive today. The last and only time we achieved 7 positive daily increases in the SP was 8 September to 16 September 2020. On 2 occasions Pensana managed 6 in a row.

Chinasyndrome I am right about the resistance around 103p. We have 3 possibilities. It pulls back say by 5p and lowers RSI, the stochastics and everything else overbought. It then resumes the rally as it breaks past 103.3p when it is less overbought and goes to around the 112-114p area as it approaches another resistance line and the daily chart would have a shown a cup and handle breakout. Option 2 it does nothing for a whole week and meanders between 99-103p area and allows overbought to get timed out. The third option is that we go back down to form a higher low in the chart and resume with another rally. Like it or not, things rarely go up in a straight line without any dips.

Interesting to see if it breaks through this area today or tomorrow.

https://www.investopedia.com/terms/a/ascendingtriangle.asp

Synairgen has began to establish an ascending triangle pattern on the daily chart with additional confirmation on the weekly chart. We now have a very strong upper resistance at the 214p-215p area and we have a rising support line that will hit this resistance line on 26 January or a few days earlier. Ascending triangle patterns are bullish and we might expect any rise above 214p on the intraday chart to be sold down underneath it for the close end of day to keep the share price down until the RNS bearing news arrives.

I therefore side with others on here in that some news of importance will be released in January and that it could be as we enter the fourth week of the New Year.

I wish us all a happy, healthy prosperous New Year.

regards Tony

Every time the CMO comes on television telling people to have a booster, how many of you respond with having a shot of brandy or whatever is your version of having a booster. I am certainly getting a taste for Lepanto.

They know the bottom is in. China New Year gold rally is now starting. Centamin rally is underway.

Muted so far as if its like a dead cat thrown on the table to divert attention.

The Gold rising support line from 10 June 2019 which is very strong has now reached $1760 per ounce. Gold is on the verge of breaching a significant area of resistance in the chart.

Emerging out of the down channel with a rising support line. Chart is suggesting a bottom formation is completing on Polymetal.

We are going back up. Currently have confirmation that a bottom formation has completed on Centamin in the chart.

Dumbpumter

As someone who has worked in the health sector all my working life, I can confirm that everything you have written about Synairgen is garbage and completely misrepresents the facts and truth. It is a highly promising medication due to have its phase 3 read out in late January.

https://ourworldindata.org/grapher/uk-daily-covid-admissions

Also provides a possible floor for the share price. Hopefully goodbye to the 70's.

Market screener has added on the shares and Hargreaves and Lansdowne have yet to update so I have the answer to my own question.

I presume shares get added on soon.

https://app.ortex.com/s/LSE/PRE/short-interest

Agree to take turns using your free page amongst you and who to post daily data and then we can all see what they are up to.