Member Info for wmullen

The words falling and knife spring to mind..

Agreed, charting can be misleading with AIM shares where volume is low. But in shares with a decent daily volume it is invaluable in reading the supply/demand balance, which is ultimately what drives price and the reason why we all invest/trade.

Tradingiew.

Basic functionality is free, for more enhanced functionality such as alerts, more indicators etc it's a couple of hundred quid a year. Well worth it in my opinion once you get deeper into TA (I have no affiliation with TV, just a satisfied customer!)

Yep, although the MM supply/demand balance is constantly shifting. I had the opposite scenario this morning, could only get a quote to buy for 1K, nothing bigger.

With the way this is springing it looks like a drive deeper into the liquidity zone of 34-39 to tempt any remaining weak hands. Either that or it's coming off a H&S top and will break the neckline hard. Always like to challenge my primary bias ??

Shaking out the weak hands. With fewer weak hands to sell it strengthens the bullish narrative.

Really strong spring on the daily. Bodes well

Reversal on the hourly but looks like the follow through will fail. There is no force (volume) on the pullbacks which would indicate a continuation of the downward trend for now.

Agreed. Keep it simple. Price and volume is all you need. As for this, I'm out. Way too treacherous.

Gap closed.

Needs to hold above 631

2nd high tight flag on 15min. Looks like the gap is going to get smashed today

The close of the candle is at/or close to the high of the candle, with a wide relative spread. Indicates ease of movement and very little supply coming to market in this timeframe

Very bullish 15min bar on the open....making a run for the gap?

If it can close the gap in the next couple of days it will be very bullish

These very sizeable after hours trades, are they bookbuild for the secondary placing?

Big boys sell into strength, not weakness

If you look at where the big volume spikes are (indicative of big operator activity), the range is 621 - 894. This is where the big operators have perceived value previously, so that 621 support level in my opinion is crucial. If that breaks it would tell me that the big operators no longer perceive there to be value at that price. If we get a strong rebound somewhere around that value then it would be hugely positive.

Another nice spring on the 15min.

Watch it rip once it breaks 818 resistance.

Daily spring confirmation was yesterday and lovely hammer candle on the hourly...looking very strong folks!

I don't think anything has fundamentally changed with the business, just profit taking at these heady levels in overall market weakness. Possibly some MM shaking too if you look at Level2 data. If there is a strong spring off this base low tomorrow I'll be topping up!

Some decent buying this morning but price hasn't budged....wonder is there a seller in the background?