Elviron1
04 Jun 2018
Re: BMN Update It's looking a bit technically toppy in my opinion, having made a lower high and struggling at a flattening 50 day currently. There's also a pretty clear (if slightly angled) H&S pattern.
MaX ProfOrdiS
04 Jun 2018
Re: ZOO breakout Any thoughts on when this might top out? These are fairly rarefied heights for ZOO and its within spitting distance of its previous mid-April highs. Does this breakout still have gas? MACD and RSI would seem to suggest that the recent price surge still has some legs but not sure where it might top out.
Lady Jennifer
04 Jun 2018
Re: BMN Update Agreed.Interestingly, todays' low also corresponds almost exactly with an 89 fib so I'm almost ready to call it a bottom....
penhome
04 Jun 2018
Re: BMN Update Hi LJThanks for that. I'll have a proper read through later on.The 'lull' also looks a bit like the tail end of a H&S[link]
Lady Jennifer
04 Jun 2018
BMN Update A while ago I posted about a share that might be of interest - Bushveld Minerals (BMN)Since then I have learned a lot more and trebled my holding as I believe this is potentially "another GKP"Some research and copy posts are available on my ADVFN page and I recommend you to take a look whilst there is a lull in the price due to some warrants being sold down with approximately 5M of around 12M to go.......[link]
The Real Grinch
03 Jun 2018
Re: SOU thoughts Pen,Thanks for your observations. I admit I hadn't thought about the May18 low of 35 being a support, makes sense though; I couldn't see anything other than the 24 in 2015 which you also point out. I will bear in mind the idea of trading this on the way up, sounds like a plan. My gut feeling is that this share will generate a lot of interest in the next 12 months as they try and monetise their assests in Maroc but we will see!Thanks againGrinchy
penhome
02 Jun 2018
Re: SOU thoughts Hi GrinchI don't think there is any support other than the May 2018 low of around 35 which hasn't been retested. Below that there might be some support from the pivot highs around 24p in May 2015.It's worth keeping an eye where it's going now as it's just creating a higher low and the RSI is picking up again.I've marked two downtrends on the weekly chart. The gentler one started in early 2017. From January 2018, the rate of drop has been steeper. So putting in closes above the steeper line would be an initial signal that it might be picking up as would the daily RSI breaking above 50[link] is, even if it does start rallying, it's got heaps of overhead resistance points to get through. Could be one to trade on the way up rather than to hold??Pen
The Real Grinch
02 Jun 2018
SOU thoughts I'd appreciate some TA thoughts on this. Currently out but looking to buy back in, struggling to see where support is coming from.(fundamentally I believe it has good prospects)Thanks in adv
GENG
31 May 2018
Re: FRR You are right the RSI is the thing to watch as its building. I guess the short entry below 0.35 is for the future - if it bounces form here then a possible long trade to around 0.57Just going to watch this for now
penhome
31 May 2018
Re: FRR Hi GengI have some support around .40 and am also watching some bullish divergence on RSI and MACD-H.[link] not a short for me at the moment but wdik!Pen
GENG
31 May 2018
FRR There - I've used the dreaded FRR word!I've been out of these for a while but still look in once in a while. There's a possible case for a bounce at around 0.35p but if it doesn't hold the SP could drop back to 0.12I rarely short stocks but am considering this - anyone have any views?
penhome
30 May 2018
Re: Pen - trendlines Hi ElvironI used to save everything as separate chart layouts on investing.com. This kept all the annotation in place.I have the same issue with ProRealTime - sometimes it saves annotation but not always. Very frustrating! It's also the main reason I don't use tradingview.com - couldn't find a way to retain all the annotation. Probably my fault for not understanding how to do it!Pen
GENG
30 May 2018
Re: AMC divergence Don't forget the Gaps! 6.25p and 7p, I commented on the AMC Thread about these, and the positive Divergence.I've been buying more since below 5p and accumulating - I think there is a very good chance of 7p plus soon. Will review things at this point because if it does then it will have broken out and only the horizontal resistance will be left. Who knows where it could go!If you want a real long shot and this is how I calculated 40p as my target last time (shame i only sold 200k shares). Look at the 10 year chart and draw across the closing price peaks 13p, 19p, 42p..... somewhere above 50p is the target!
Elviron1
30 May 2018
Pen - trendlines Hi Pen,I'm using trendlines in my saved watchlists (investing.com), but it seems pretty random whether or not it decides to save them for individual charts. Do you know if there's a trick to it?
penhome
28 May 2018
Re: AMC cloud chart Sorry, wrong link.Here's the cloud chart showing it testing the breakout:[link]
