Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yesterday's price action was a doji formation. (ohlc), (opened, went up and down and closed at the same price as it opened)
In itself its a common enough one day pattern, but if we close up today then it would indicate a reversal, with yesterday's Doji suggesting a bottom had formed.
This was/is much more relevant in day trading and scalping smaller moves, but with the RSI supporting at least a bounce then there are very tentative signs of a reversal here , but this is very much at the "possible" (or maybe straw- grasping) stage of a turn around.
Gje, I have no idea what the SP will do. My interpretation of the SP movement suggests to me that a rise is more likely than further falls below, say 40p as a floor.
It is balanced at the moment as there is no "overwhelming" case for a reversal, except the RSI suggest we are also close to it being very oversold suggesting at least a bounce.
The whole point of a chart is that the market knows more than me so a rise before news is released often indicates a leak.
I am cautious and that is why I bought some yesterday keeping plenty off the table for further buys if it does fall another 5-10% . The alternative (if it does not fall further) is to wait for 58p to be breached before committing more funds.
The chart ignores the fundamentals, basing the SP already reflecting the FA analysis.
Sellers don't have to be "desperate". I would have thought many would have already sold if they wanted to crystalise their loss, what would they have been waiting for? (Some here already have stated it has fallen to low to make it worth selling.)
Now the focus is more on when to buy rather than sell.
I think it would take unexpected bad news to force a sharp decline.
I also imagine a lacklustre update is already priced in. Certainly any good news I think would lift the SP from around these levels.
One of the things to note is that update is 4 months old, so there will be (or should be) a bit of reporting on what has happened over the last 4 months and general expectations for the next 8 months ahead.
"Don’t know why anyone would bother charting an aim company tbh"
because most often the SP moves before any news is announced.
Presumably you think it was coincidence that the SP started to fall almost continuously 3 weeks prior to the announcement? and a 15% drop over the 3 days prior to the raise?
I disagree with both the 38p and 23p targets.
It might not even go to 41p. (or 41.5p) to be exact.
That's is the obvious target, however some will not wait for it to get there who want to buy based on it not quite achieving that "perfect" price and will base their decision on a risk reward ratio.
58p is the first target so 14p gain. Buy now and have a stop at 40p, 4p loss. That's an acceptable RRR. The next target would be 75p.
So if the SP shows continued resilience around the current price of 44p it might translate to a shift in mood to not expect 41.5p to be hit.
If it did move away from here and moved substantially upwards, then looking back, the recent low of 44.5p would look like confirmation of bouncing off the 41.5p previous low.
FOMO plays a large part in all of this which is why it is neither exact or predictable in any certain sense. Its just an odds game.
Right now people who are looking at this stock and using TA to time their entry will be making these calculations to wait for a lower entry or get on board now and not try to be too cute.
"All that matters is how much Avacta is worth on FDA approval of AVA6000. Everything else in the meantime is irrelevant, if you believe FDA approval will happen. "
It really isn't. The price you paid for the stock is what matters and then most importantly what you end up selling it for.
Otherwise all you are doing is taking an interest in the science which is all well and good but if the aim is to make money then its potentially a related but not necessarily, key component.
Yes, its been quite the education Nicepair, still my experience (fwiw) has also taught me it is always about timing.
(I was interested in the way the fall stopped today so I have added some at a very precise 44.77p )
It depends on what time frame you use.
Its not relevant using an intraday price unless you are day trading, ie closing your position before the end of the day.
So, 41p (or close to, therabouts) is the number.
Gje, its the lowest the SP has been in 3 years. its basically a relevant all time low.
The SP fell to 42p rallied a tiny amount, tested that low again within a week at 41.5p before moving away.
The added significance is that this after the LFT SP influence.
Whether its mumbo jumbo or not, charts and SP numbers, recent lows/highs etc etc are looked at by a large number of people and it becomes irrelevant if its self fulfilling or not, it is simply a fact of life that we ALL look at the SP and get an emotional feeling when we see it. (Ain't that the truth!).
Anyway, we are getting close to a significant number (41p), impossible to know if this will be the bottom, but the odds are pretty strong.
The4 more significant the number the stronger the reaction generally is.
The downside is, if it does not bounce, or falls further then people may quickly sell their position to make a very small loss and that "extra" selling pressure does indeed cause a lower price.
Ignore what you think of me, its not important, but my view from a TA pov, has been ever since 52p was broken after the rally to 58p suggested that 41p would be a target.
If I am waiting for that price before I take a punt then I am pretty sure I am not alone.
Anyway, we may be close now to the end of this painful episode.....(At least I think the odds are on our side)
Thats fair enough LDA, I don't have that much experience on Aim, but certainly my experience has been 99% of rosy tinted utterings which have all been remarkable in their distance away from what has come to pass.
There is only one CEO so far that has delivered on what they said and they are new to the role (the previous one left for not delivering on what he forecast), the rest have been imo somewhere between disingenuous and misleading.
Bigger the risk, bigger the reward, but again, I think that saying only reveals the high risk attached to most Aim companies.
I'm afraid this is the risk of investing and managing your own portfolio.
Aim is a market designed for small companies that will be able to raise money to develop their business.
That very mission-type statement means that every CEO will always paint the very best picture of their company and whatever it is involved in, so as to continually convince people to continue funding it.
I have no idea, truly, no idea, why after the things that were said about LFT and what came to pass, why anyone here is surprised or shocked by anything that the BoD say.
These companies are not run for our benefit. We are parasites trying to get rich off their hard work and innovation.
Other than the small amount of opportunity we are randomly given to take part in any cash raises we offer nothing to the company... at all... so why would they care about PI's?
II's are given time to flip the shares if they want so as to make a profit if it presents itself.
For people who bought at 50p are now already sitting on a 15% loss.
Its a high risk game and if you have not worked it out yet, its all a bit of a gamble.
I would not expect any contrition from AS on the update. Quite the reverse I think.....
Still, who knows....he might surprise us all.
I think you will find NFT that I have said a few times recently that ousting AS at the earliest opportunity would destabilise the SP.
Its not collusion that when a SP is tanking over many months that more and more people might think its not the best investment.
The SP is where it is due to the delays in the trials progress leading to a cash shortage's leading to a forced RI at 50p caused by the previous bond terms at the last raise before the 50p one.
That's whats done it. Not collusion, no agenda, etc
"Micro hypothetical BS as always"
I get you don't agree Ice, but stop calling it BS will you, seeing as the price has been in decline for years and drastically so in the last 6 months. Not so much micro either, hardly spikes down for a day does it)
And that coincides with better and better data, so how do you square that?. I can but its just more..."Micro hypothetical BS as always"