Looking for 7.66p where the 200ma might possibly cross as well. There is a chance of this level to hold due to previous support as well but it lost the 50ma which makes me think we could see 7.66p at some point. they previously did a placing at 9p which is something to think about.
Above the 20ma weekly and if 50ma weekly is broken get ready for a big move. Unbiased view as I'm not holding but see a tremendous upside from this levels. It might take a few days/week but anything close to the T-line (8 EMA white line) & 20ma (orange) is a good price
Previous support at this levels when IPO, plus we have double bottom and RSI bullish divergence. Placing was done at 4p and oversubscribed. ( I don't go in on placings)
At support 786 fibs and with price congestion. I assume most sells are people closing shorts that held from the top and MM's gathering shares before any news, I tried to buy some more shares a few days ago and they didn't have any. Fundamentals: £5.5mil cash raised at 2p (placing) £7.5mil mcap 16.4% Unicorn holding at 1.9p/2p MSYS with over 7 distribution...
Keeping an eye on TRIN as it reverses the trend and so far it is looking very good. 200ma will provide resistance so keep an eye out for small pullbacks
Price is holding above the 200ma and at bottom of swing we touched the 50% retrace of ATH and holding them. Company has several assets and more in the pipeline good cash position having done a placing at 4.25p not long ago. See loads of upside here.
Farm-out RNS no longer priced in due to oil drop recently. I got 2 support lines but feel that price had an over reaction drop. 2.19p (hit this morning & bounced) & 1.75p as support 3.51p Target price Completely unbiased as I do not hold this stock.
Looking to bounce from around this level or just under where 786 fibs lie at around 2.84p also where there is previous resistance CCI is getting quite on oversold area. Looking for a bounce to at least 50% retrace & possibly the 200ma as 1st target. Unbiased view as I do not hold any shares...yet!!!
Bought my 1st entry in HMI today which I been monitoring for a few months. Placing was at 18.5p. institutions & BoD bought shares at higher price. 618 fibs from before last spike, twice previous support plus 200ma around the corner. RSI way oversold.
At the top it is obvious there is a bearish divergence which is indication of a bear move to come. We had a break out at around 15.56p & plenty of resistance levels around there which will act as support so I will be looking there for a retrace before we push into new levels or go sideways for a while.
There was previously at 13p too much price congestion and a hard resistance to break so for me it was a no brainer to sell there and re-buy it lower. 20ma doesn't seem to be holding as well so for the moment I can see we might drop back down to possibly 10.5p but it depends on the volume & news.
Beautiful chart with 200ma support & 786 fibs and also we had previous resistance at this level. 40p target in a few months time to touch the top of the trend.
Bearish divergence is quite obvious on this stock so I think we shall have a retrace from the highs. Good signal will be if 20ma is lost and doesn't hold.
Bullish indicators with several fibs levels and previous support/resistance stop loss at 10.75p
It looks great on the chart at moment for a reversal, not sure how big it will be just yet. Also don't forget stop losses below support 11.45p (I always do 5% below)
Newsflow to come from Falanx we should hold around this level and swing up on next move. several times we retrace to around 786 fibs. A great swing trade.
Chart showing signs of breaking past the .08s and into the .10s
Since September of last year: 1. Company Secured a $10,000,000 Private Placement Loan Boustead Securities 2. Secured MAXIM LLC for 4.2 Mil shares of restricted common stock 3. Secured it's first major Acquisition Service 800 for $4.2 Mil 4. Secured 1,472 of office space for company HQ in Florida for 8 Years 5. Secured a $1,000,000 Non-Dilutive Bridge Loan with...