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Thanks for that guys :)
So yes I agree the forward sellers look like they’ve got themselves up **** creek LOL
Generally I have done very well charting, and I understand price action better than most.
I heard it mentioned and this chart screams LONG to me. It has all the technicals of a long play. Minimal risk, huge upside. I entered a large position today accordingly.
Volume Tick. Bullish structure Tick. Sentiment Tick. Volume entry ‘profile’ Tick. We are on the cusp of a break to the upside. 0.2 is completely possible. 0.2 is the weekly 200sma and this is a magnet for sellers. As such this is a price target. A break and confirmation of support of this would greatly increase the further upside of price potential. We currently sit at 0.05, depending on how you draw the bullish structure we have potentially broken out of the structure this week already. Whichever way you draw it we are right on the daily 50ma and upper structure break point.
I have even seen an influx of trolls and derampers so now I feel even more bullish :)
Perfect Max! Thank you
Perfect!! Thank you, that was the bit I didn’t know, the place receiving them before the actual date. Makes sense.
Receive them at below market price in advance and sell them at current market price. To avoid a dilution price by a price drop.
You would think this was illegal lol.
I am relatively new to AIM. As have been specifically a crypto trader for years.
Thanks,
I already searched google :) it didn’t give the best overview, if you can provide me a decent link
For the benefit of a chartist can some help please help to explain to me how forward selling shares works. I read Charlie’s comments but don’t fully understand the process. If someone can give me a full example I would be most appreciative! :)
If you look at any share, people buy in speculation and often sell on news, regardless. Simply because the cat is out the bag. Many other mining stocks have risen in pure speculation.
This being said Groover, I think 150km of untested strike is a good reason to be excited and invites a good deal of speculative interest. To be a successful investor you buy in the earlier stages of speculation. Not before.
Also remember although they have a diverse portfolio a lot of the recent market interest is surrounding iron ore, BZT have interest in copper and gold which is at a significant premium
For ref I spoke with another poster on her and in Sep 2013 the mcap was approx 15 mill @ 20p. So x3 the mc of today. And today, we are in a hugely better position than we were then....
We are looking extremely strong atm and because the price hasn’t moved that much and has been jumping around people don’t even know it ;)
Posted a chart the other day on twitter. Couldn’t believe it myself. The first weekly close over the upper bollinger in a year. The first test of the upper bollinger on the monthly in 10 YEARS. Think about that for a second. Monthly volume is through the roof. Although the market has seemed erratic, we are actually crunching through some serious resistance, not to mention historical price resistance and the warrant overhang.
High possibility (technically) we are about to go into a fully fledged bull run.
The technical targets on this are huge. 30-60p is a given. Weekly/monthly moving averages will be broken for sure. I can see a move towards 1p and then a retrace (short term). Long term I think we will see an enormous rise. I’m talking a serious rise in price. If the news/progress align then this will see an incredible price increase as the technicals support it.
The sudden increase in dereampers out of the woodwork always gives me confidence we are about to see the price move. The monthly volume is enormous. The set up is extremely bullish. All the technical indicators are indicating upside.
A sudden increase in fake twitters accounts deramping BZT to hold the price down. Derampers who have suddenly exploded into this chat with no actual valid arguments to support their perspective. It actually only supports a bullish intention in price.
Most people can’t even read a chart lol.
If they find what they think they are going to find this will be enormous beyond belief especially with a hike in copper prices.
The weekly/monthly volume is through the roof lol
Also what do you mean on 'present volumes' have you even looked at the technical chart
60 Million shares isnt actually worth that much, that would get eaten up in a handful of trades