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Morning D, (and anyone else who may pop by),
Do you still own any HE1? I bought more this morning as its above a break out of 6.65p. (its intra day and its a bit tentative from a TA pov but I think it has upward momentum on its side).
The target for me is to go at least to 8.5 so about a 30% gain on offer. Diifficult to have a rigid stop on this one because its either going to drill or not and if for some reason it doesn't its likely to be game over, so my investment amount is tailored accordingly.
Hi Wyn, not a holder of HE1 but a curious follower anyways. Holder of Angle Plc, seems may be finally turning a corner. Would be great to learn ur opinion on Angle from TA perspective also. Thanks
Hi Wyn, Ci,
Sorry, only just checked in at eve. Both angle and HE1 were on my mind today. My tax relief on my SIPP contribution finally landed today, so fortunate timing.
I bought a bit more angle during the presentation (as everything seems to be going a lot better now, AN could scarcely have been more positive though I do take things with a pinch of salt) with new money, then used my SIPP tax relief to buy even more as the sp continued to rise. When the rise faltered I sold the ‘new-money’ purchase (after 4hrs approx) for a profit and bought WOSG which went on to rise from its low point of the day.
My only slight regret was selling Angle when it then went on to reach a daily high before close.
Wyn, I read your post on HE1 bb saying you’d bought some more and was tempted but didn’t want to break my rule twice in a day. I haven’t sold any HE1 so still have everything - including the amount I bought just before they didn’t get the last rig. That was meant to be short term and turned long term.
It’s nice to think we could all do quite well soon.
I’m well down on angle but have 50% more shares now, having averaged down.
Are you still in Angle Wyn? Obviously you are Ci.
I’m glad the eve bb still has its uses!
(Not confident on CC’s latest venture. We find our girls have too much to do, not too little.)
Hi Guys, sold Angle a while back so have not looked at it for a while. Certainly the update is positive and the biggest thing is the cash on hand (imo). Looks good for 12 months .
Chartwise its in no mans land. Obviously a great surge but the resistance is now much closer at and around 30p.
That on the chart looks stubborn so will be a great buying signal if/when it goes through.
The 2 most likely options looks to me, is either it carries on 20 28-30p before retracing to around 23.5-24p or will retrace now to there before having a proper go at 30p.
(On balance and with the RSI at 67 its a difficult call. The reason its hard to say is because if you were buying you would either wait for a close above 30p ish or wait for a retrace so there is not much incentive to buy at this price right now given the spread.) Good Luck
Now you have highlighted AGL I will keep tabs on this and either get in (if I can) around 23 ish or if not 30p ish.
Wyn, I suspect you’ll be out of SNG, probably been out for a while. Ghia, who is well respected I think, posted this comment today: ‘ Doc83 - It will be very interesting to see the action tomorrow if 13 holds it’s a very strong sign technically.’
Not sure if that’s something you’d agree with but I’ll be keeping an eye on it, on Monday.
Atb, D
Hi D, I bought a small amount last week. (As you know I am not averse to jumping on a band wagon and momentum does not normally stop dead.) I am betting 12.18 is the low of the retrace. A close above 13.22p would confirm.
Morning Wyn, Angle didn't get through the 30p mark but surrey only a matter of time? Looking overbought at 29 and fallen back a little as I write. Do the charts really allow it to fall back from here? I guess they must as it's happened elsewhere on good news.
Hi D, Charts are not an exact thing. Its just really trying to skew the odds into the buyer/seller's favour.
At close Friday it was 67 on the RSI, I wait for 80 (as you know) before deciding what to do but anything above 70 is an indication of being over bought, so at 67 it was too high/close for me to want to buy this morning given the spread.
So I will see where it finished tonight and then look for a retrace as a possibilty to get in.
The other thing is never to get too anxious on stocks (its the "not caring" thing), as there is always a chance you miss out if the stock does not do what you thought it would, but there are always other opportunities on other stocks out there.
To me, its just numbers, not companies.
Just looking at the YTD chart for AGL and I can now see why you say 30 is a resistance. It's been there around 3 times before, and close twice more. I managed to hold off for the moment too. Many thanks :-)
Glad I didn't top up AGL. In fact, an hour ago, I sold those in my SIPP and can now buy more back than I sold..
Will buy them back (perhaps even today).
AGL as Wyn mentioned fully funded until 2024 h2 with 30 mil + cash end of 2022. So unlike Eve they don't have the short-term issue cash issue. I am hoping the momentum can continue as AGL focuses on commercialisation and more deals in the pipeline. AGL raised 20mil at 80p in latest round... so I think 16p was crazy due to exits at any cost from other big sellers like Amati Global Investors Fund (stated they exited small holdings in their April report). Now they are out I am hoping the buy pressure outweighs the sells driving share prices higher which we are seeing with the recent correction from 16p to now 28p. I think further to go, 30p would be a good milestone to hit. IMO, DYOR
What's ur analysis from yesterday's close? Are you getting back in? :) @Wyn
Good to see you trading well D-Geeman
I have an amateur mistake of selling too early on stocks doing well and holding on to losses (Case in hand with EveSleep) when I should do the opposite. Hoping I can hold on to the growing pattern this time round and selling at the right time.
Hi Ci, well, Yesterday after the rise I expected a higher finishing RSI but it only moved a few points to 70.
On that basis I bought a modest amount this morning at open at 27.26p My "logic" was 30p is still a target but I thought the retrace might not be down to the mid 20's so a price around mid 26p (didn't quite get in there but...) would seem ok.
The other e scenario is that it goes through 30p and then retraces back to it, so i would get in at 31p ish.
So my options were get in now and pay too much if it falls to 24p say, or wait and potentially get in at 31p.
So I have bought with half my funds I had allocated to it. I will add the other half at either 24p or 31p (1st Target is 46p)