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There still appears to be a background seller offloading. Warrants?
Once they've finished this should move up, hopefully very soon.
I agree about a large seller in the background.
Seen this countless times before, then they finally finish offloading and whoosh, the price frequently shoots up.
Could be minutes, hours or days away. Just a case of being patient until they are done.
All these buys (currently being quoted 2.715), yet the price continues to drift down.
Very odd. Lower again tomorrow?
"Few buys" is certainly correct.
Not enough volume to drive this any higher at the moment.
This level really needs to hold otherwise a drop to the low 2's may be on the cards.
Chart appears to be indicating a downtrend at the moment.
Potential support may be in the range 13p down to 10p?
Just watching for now as I feel it may have further to drop.
...But will it test and find support at the chart resistance around 0.075 first?
If this heads down to test the chart resistance around 7.5p then you may get a chance to buy those shares in the next few days.
Who knows eh!
Perhaps a more immediate question should be, will millions of those 6 month 0.4p lock in shares be forward sold above the issue price before the end of July, possibly subduing any potential short term rise?
Cloud. No such thing as derampers. Seriously?
I’ve read THOUSANDS of deramping posts over the years. Shorters who bash a share because they want the price lower or those who simply want a cheaper entry point. Very obvious.
I was going to buy the dip around 9p then saw a shed load of large sells being fed in on a regular basis. Seen this before countless times over the years and figured it might be forward selling before a placing so didn’t buy. Probably be cheap as chips early doors tomorrow so might have a punt if the price is low enough.
Don't blame the MM'S, take a look at todays trades. Sellers appear to outnumber buys by a fair margin, hence the drop.
I did say last Friday this might head back down to 9p. Possibly lower now if this selling continues.
I'm happy to wait until I see solid support before buying.
This rose over 1200% in 3 days, so it's not surprising it's falling back as punters lock in profits.
The chart is now showing a series of lower highs and lower lows, so it may well have further to drop, possibly into the 0.25 to 0.28 area before finding support.
Classic drop after a large rise as traders lock in profits.
Down 35% at the moment from the 57p high, so we'll see if it finds chart support around 34p or failing that, 28p.
These big risers have a habit of falling back 50% or more, so I'm going to wait and see if the chart support around 1.8p is reached and holds before buying!
Hmmm. I'm going to wait and see if this drops further and make sure the chart resistance around 10p holds before buying!
Major support area on the chart appears to be around 0.5p, so we'll see if they try to shake it down there before news arrives.
Looks like a classic double top on the chart has encouraged many to sell and lock in profits after the recent strong rise.
Lets see how low it goes before finding support...
Down she goes.
The sellers have arrived, so looks like the little burst of excitement is over for now.
Why would a TR1 give the share price a boost??
It’s news that’s already expected, so I wouldn’t anticipate any price movement when it’s released.
In fact this may well drift down below 1p and possibly retest the recent 0.85p low while waiting for the further news as traders move elsewhere.
Well, there does appear to be a persistent seller offloading round numbered blocks of 250'000 to 1'000'000 shares over the last few days into every rise, hence the chart is presenting an almost perfect series of lower highs and lower lows.
It's a pattern you often see with forward selling of placing shares, though I'm not saying that's the case here.
Could be warrants, who knows, but until they stop selling there doesn't appear to be much chance of the decent rise many are hoping for.