Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
thanks buddy! yeah it got my interest last night on a pro realtime screener i have. double bottom i think, then i noticed that yesterdays volumes were high but nothing compared to todays! its a bit out of my league, in as much as i dont have (and therefore understand)level 2 (full time job and all that) so i really appreciate you taking a peak at it. i may have a speculative punt with a little based on the bounce off the double bottom and hope that there could be perhaps some major interest or possible stake building going on which could help the punt! anyways, thanks mate. you really are a top boy! take it easy and speak soon hopefully.
and able to explain to a simple layman why this share is trading such comparitively large volumes recently. lloyds sharedeal says ave volumes are normally about £97k but yesterday £490k and today 6.5 million!!!!!!!!!! unless i'm misreading something it would appear that lots of shares are changing hands and this isnt affecting the price today?????? je ne comprend pas!!!!!! anyone??????????
Overbought? Where on earth are you seeing that! Stoch is under 2 on the dailies, it couldn't be much more oversold! Lol Also your a braver man than me, shorting something at all time lows and a positive macd divergence! I certainly aint saying we've bottomed but I'm happy I'll see 130 before you se 65 , famous last words!
been a couple of weeks but finally took the plunge today with 40% of the allocated funds, will add at under 100 if we see it (i think we will if the head and shoulders plays out) and again at 90 if neccessary. similar reasons as per my post of 13th nov really. looks to be getting very oversold now and also showing the divergences i mentioned in my post before. http://img607.imageshack.us/img607/5185/xch.png http://img413.imageshack.us/img413/6594/xch2.png if any charters are looking in (i know Grays helped when i posted before!)feel free to comment. lets all hope for a rise soon eh!!!!
hey buddy, well done to you. i just couldnt bring myself to sell!! yet another long hold! lol
Or something more ominous? Lots of support around the 190 level. Let's hope she holds eh!!!?
the day after i average down to 1450 as well! the only thing i can say is that it looks a great buy from here, the indicators are oversold and theres a 10% bounce short term. wish i wasnt 'all in' already.
sincerest apologies for not posting about this one on MEC when you mentioned it the other day, didn't mean to forget it, just have a mountain of them to look through at present. I must say you are good at finding these temporary bottoms, PRTY was yours i think and thats bounced very nicely this week and this one has had a nice rise today! well done to you sir! Grays, i'm like a bad penny, apologies, its just that now ive found bizz's knack for finding stock thats about to turn I look out for his posts so promise i'm not cyber stalking the pair of you (well maybe a bit, theres obviously a few quid in it so why not!) lol i'm currently, relatively, 'all in' across a few stocks other than a bit put aside for the banks when they reach a nice level but now looking for my next stocks by way of cyclical low points, of course POG as you know is on that list and I am watching IFL, possibly NOP and of course the others i posted previously. one of them had a nice bounce today and hopefully more to go, that was the descending wedge on AMER ( a stock highlighted by 1wildjunglemonky) hoping to see MEC and PUB start to rise soon and also the eternal wait for take off with HAWK, no pun intended. ps. as far as rdw goes bizz, all the housebuilders are VERY volatile, i was in TW and BDEV 10 days ago and got out with 15% just in time, although i think medium term this could play out nicely for you. My own take would be a stop loss once 15% is bagged. imo. very news and sentiment driven (arent they all!) best of luck
techically, medium term i can see between 3.00 and 3.10 by feb/march based on the speed of previous rises. i wont be here by then (well certainly not fully invested) as this wont go up in straight lines and there should be chances to get out and maybe back in again along the way. my own style 'should' see me lock in some profit at 230ish and again at 260 should we get there of course. tstr is very new? i can only get a chart for about 3 months action. very difficult for me to apply technical analysis to a virgin chart like that! sorry
reasons for buying into mec from MY technical perspective as promised earlier. see below but in summary, bounce off lower trend line aligned with daily stoch and rsi both oversold, massive support at the 200 moving average (the big purple line!) and multiple horizontal supports below 200. http://img413.imageshack.us/img413/8433/mec2q.png http://img526.imageshack.us/img526/5168/mec1.png TSTR- couldnt find this stock on pro real, the only tstr there is terrestar and no chart there since28/10. bankrupt?
Posting from work on blackberry but will look at both those charts when home later. Yes bizz, got pub yesterday at about 61 so hoping for a nice bounce there (actually went for pub instead of eti and eti is flying this morning! Pub appeared to have less downside risk to me). Slimey, chart view is a good one here but we'll see, again will post a chart here later.
You sold your holding here? You've caused a spike! Lol A close at 10 ish would show up a lovely macd and rsi divergence here from the 9.75 low.
lets just hope she runs to that top channel line eh!
That was, a bit off an aborted take off! I,m in at 209 and see relatively limited downside. Happy to add at 190 should we see it. I'm sure you guys will be thrilled to have a chart/techical trader in here now! Lol Best of luck guys, at least it's been out off that 205-199 range!
And downright greed, limit buy for a week now at 197 and not kicked in, then this!!! How frustrating!!!!!! Well done to all you holders and hope this goes right the the top of it's trading channel for you. Will join you on a retrace if there is one!
thank you, the one thing i still lack re: my TA, is the confidence to trade it beleive it or not! so your confirmation is both welcome and reassuring. continue to pander to my inferior knowledge! its much appreciated!
anyone in here that may be interested in this stock from a technical perspective MAY find the following useful. The current (possible) double bottom COULD led to a nice reversal of fortune here with a target of 207 IF this plays out. Please see below for an explanation of how this could play out and how to derive the target price. http://thepatternsite.com/aadb.html http://chart-patterns.netfirms.com/doublebot.htm Please also see the chart to see the double bottom and possible targets for XCH, by no means guaranteed but certainly one that I am happy to consider investing in on monday. a stop will be set for any downward break below the previous low of 110 to minimise risk. http://img843.imageshack.us/img843/5185/xch.png Also in support of this trade you can see from below that there is a huge divergence on the MACD indicator from the previous low, this is also very bullish. http://img811.imageshack.us/img811/6594/xch2.png Please also see that this trade is not without risk, view the 1st chart to see the 'head and shoulders' pattern that has appered recently, this is normally a reversal pattern at the TOP of an uptrend but when appearing outside an uptrend is often considered a 'continuation' pattern, for a proper reversal the 'head and shoulders' should be inverted (upside down). finally, the bottoms of a double bottom pattern should normally be a maximum of 8 weeks apart and as you can see we are about 12 weeks apart from the previous bottom, this could reduce the probability of the pattern unfolding. All of this is of course just my opinion and purely a technical trade, please ignore if thats not your thing and you dont subscibe to it, i have not considered any fundamental analysis when reviewing this. good luck to all in here.
hello mate, keeping well i hope. dull in here eh mate. tucked in the bottom drawer till we hit 1800 or will bail if 1350 breaks. will have a peek at pfg, you ever get in eti? i have it on the watchlist just now, waiting for the right moment, see how close it gets to 100. watchin blnx for a buy when stoc hits 20, thats one of yours from memory. have a look at the monkeys posts, he's on one or two more wedges and given the KAH call he made, i'm tempted just to give him my money and a small finders fee! lol
paint to dry, grass to grow? slow bleed to 1350 master weekly support im afraid, then if we are lucky enough we will get to see this struggle to break back above 1450 based on the sheer length of time its taken to bleed through it! exciting eh?
night mate, have a good weekend. will peak at eti and post on there mate.