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  1. #9921
    Junior Member
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    Jan 2021
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    2

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    Been holding since 9th September 2020. Not a bad way to end a painful 12 months.

    Ogg, feel like it's almost time for another GOT themed GIF.

  2. #9922
    Investor
    Join Date
    Jul 2014
    Posts
    5,647

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    Quote Originally Posted by JohnnyTheHorse View Post
    We had the first monthly uptrend in over 6 years confirm earlier this year, however it had no follow through. We have now had this monthly uptrend re-confirm on increasing bull volume. Monthly uptrend confirmations after very prolonged downtrends are in my view one of the most significant technical setups around. They signify the end of a long downtrend and are almost always accompanied by a large sentiment shift (meaning the market goes from undervaluing a stock to overvaluing it). Large and rapid moves are regularly observed. It does however carry significant risk of failure given the significant downtrends in place, so one must balance downside risk vs upside potential. The type of trades where you're looking to making half your yearly profit target on or loose a decent chunk...

    19.2 resistance broke yesterday. Psychological resistance will likely be seen at 20c. After that there would be 30% upside to the next resistance at 26c.

    In my opinion if a takeover is actually seriously on the cards then we will see it happen imminently. Time is of the essence to ensure the price doesn't start running away to the upside. Note: I am not suggesting we will see a takeover happen soon.

    Disc: very large position (long term + trading)
    JTH, can you give TA/Chart perspective based on today's move.

  3. #9923
    Member
    Join Date
    Aug 2021
    Location
    Christchurch
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    217

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    Well deserved guys. I think the next threshold to clear will be 25c roughly (before we get to 30c).

  4. #9924
    Member
    Join Date
    May 2020
    Location
    NZ
    Posts
    51

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    21.5c!! Go you beauty!

    My breakeven is 22.3c!

  5. #9925
    Member
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    May 2020
    Location
    Auckland
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    181

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    Quote Originally Posted by snigmac View Post
    Well deserved guys. I think the next threshold to clear will be 25c roughly (before we get to 30c).
    Hey MrT, a lot of resistance up till 25c, hopefully it'll be broken

  6. #9926
    Guru
    Join Date
    Oct 2017
    Posts
    3,932

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    Quote Originally Posted by Akane View Post
    Hey MrT, a lot of resistance up till 25c, hopefully it'll be broken
    If trading volume ends up being anything like yesterday I'll be damned if it doesn't get over 23cps by the end of the day.

  7. #9927
    Member
    Join Date
    Oct 2013
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    277

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    Quote Originally Posted by uravgtrader View Post
    My breakeven is 22.3c!
    I imagine there will be quite a few retail holders who reluctantly averaged down via the cap raise who will be happy to drop their holding once it gets at or near breakeven. Might slow things down around this level I suspect.

  8. #9928
    Senior Member
    Join Date
    Jul 2020
    Posts
    850

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    Quote Originally Posted by cyclist View Post
    I imagine there will be quite a few retail holders who reluctantly averaged down via the cap raise who will be happy to drop their holding once it gets at or near breakeven. Might slow things down around this level I suspect.
    Id say the majority of those holders gave up a while back. The only ones left are represented on this forum for the last year

  9. #9929
    Speedy Az winner69's Avatar
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    Jun 2001
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    Quote Originally Posted by uravgtrader View Post
    21.5c!! Go you beauty!

    My breakeven is 22.3c!
    Must look it up but from memory mine is 13.4 cents or something like that …cool eh
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #9930
    Member Alpha's Avatar
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    Jun 2020
    Location
    Auckland
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    444

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    Winner you Slydog. I thought you didn't like this one. Was only an assumption. It is nice to see a lot of new posters in this Thread and for mainly positive things.

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