Pennystock
one to keep an eye on for next few weeksas Director keeps buying into it, you can see that he truly believes in the company going forward.
lots happening next few months in this company so he will be entering in a closed period eventually.
we are almost at SR level so can see a potential volume spike & bounce from there.
as a long term trade this could do extremely well so better get on the fundamentals to start planning the WOPE (Wait, Observe, Plan, Enter)
Look for double bottom - good signals at moment for reversalWill look for a double bottom to do a bullish divergence before a stronger bounce.
Quite oversold and should start building momentum very soon. news will also help to bring extra sentiment.
some bullish divergences happening bit by bit as buying volume comes.
a few MA's to break on the upside so it might take a while to adjust but eventually it should start reversing.
non-bias as I don't hold any shares but see an opportunity coming very soon.
buy signal triggered recently & today good responseI believe we should at least head back to the 200ma and with production reaching 8k boepd by year end news then we should head back to highs by spring 2019.
time to be patient as Paul Welsh is always under-promise over-deliver. read the last few RNS's to make up your mind. Also interviews on Proactive Investors.
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Looks bullish short term - few resistance levels - BULLISHLooks good with a close above T-line
Might be having a good week this stock. Good volume last week.
Descending wedge - close to strong support - bounce incomingQuite a nice chart setup for possible entry to come soon after long wait on sidelines as been on down trend for long time
Always best to wait for the best moment to start scaling in if you are keen on the company.
Descending wedge as it gets tighter it will eventually break up.
non-bias view as I don't hold any shares.
Heading to next support - WATCH for reversal to come futureUnfortunately I'm slightly bearish here short term but will keep a watch for a reversal.
56.4p is my next support level if 20ma is not strong enough to bounce from.
49.8p quite possibly a great top-up or entry if it drops that low but unsure if it will.
Chart notes above.
Holding 20ma. 0.50p possible re-test for top-up, RSI supportWe might see a further small dip before next leg but feel bullish on the chart setup
Chart notes are on chart above.
Horizonte The journey - Bull run Wave 5 startedFeasability study is this month and as per their tweet they are excited and looking forward to releasing the results.
Nickel price is doing well and massive price forecasts for next few years.
Chart says it all.
Wave 5 started.
Neonode hitting support from 2009/10Basic support here from 2009/2010 here, if it falls below these levels there's no telling where it will land, however as long as we stay above this support it's still a hold.
This company has a lot of prospective hype in my opinion. Their technologies can improve our lives. It's going to be an interesting 2019 holding Neonode.
why haven't derisk since breakout - 0.20p resistance Yes RSI is overbought & stochastic is overbought but feel that price action & news being so close we might have a spike to the resistance level quite possibly on the day when the scoping study RNS comes out.
We might have smaller dips but I think there is high demand in this stock, similar situation to PRD but this one has more emminent catalyst to show economics of the asset.
I have derisked a little at 0.115p before a breakout was confirmed.
Happy holding here a little longer for bigger profits now.