ZEL - Z Energy.

[kiora]

Hmm... there is strange behaviour.....a mass of buy signals triggered during a flatline of the share price thanks to a big volume day on the 27th August..there was no announcements around this time, but at that time Mr Market called it smart money entering...The price Gap up on the 23rd Sept was when ZEL updated the Market, however the Market had already commenced its rally a couple of weeks before..so a fair question for a Chartist to ask... "was this announcement anticipated?"

I suspect pushed up beginning of June then given another leg at the end of August.Makes the offer at $6 look cheap.Hence my comment ",the price after the book build"
And Trilogy ?

[Joshuatree]

Done and dusted.Trading halt lifted.Shares sold to a mix of retail and institutional shareholders. Hoping for the s/p to not fall far today.Did anyone get offered any shares from their adviser/broker?

[Joshuatree]

Opening @$6.00 $6.01

[Joshuatree]

Now $5.75!. what was the placement done at???.

[goldfish]

Yip...I bought in for a quick trade the other day, now sitting on my biggest unrealised loss I have had...:-(

[biker]

Now $5.75!. what was the placement done at???.

Placement at $6. The $5.75 was a very brief spike down. Now 5.85+
Doesn't mean it won't go lower

[biker]

Done and dusted.Trading halt lifted.Shares sold to a mix of retail and institutional shareholders. Hoping for the s/p to not fall far today.Did anyone get offered any shares from their adviser/broker?

Received the standard Craigs offer to apply. I declined. For a start, didn't like the way the share price price was pushed up just prior to the sell down announcement. Smacked of manipulation.

Bought some today on market at $5.85

[kiora]

Done and dusted.Trading halt lifted.Shares sold to a mix of retail and institutional shareholders. Hoping for the s/p to not fall far today.Did anyone get offered any shares from their adviser/broker?

Yep I did but didn't take them

[Hoop]

A great technical chart...In hindsight I wish I was in ZEL (money invested elsewhere).
Still in a strong bull mode.

Crafty buggers setting the float price around $6.20 as that price and down to $6.10 will not cause any Technical breaks...

Note:...I'm not a great Trend fan as trendline break during corrections...but look at the primary trend line and notice it had tandem support with the EMA100...together they reinforced that rising support into a very strong supporting structure...

Personally, I would not have sold out on some sell signals knowing that as long as that strong tandem trend held I would assume it would only be a shallow correction playing out.

Where to now?...In a trading halt
The chart is strong no sell signals to date
With the float to be announced I would look to see if 663 becomes a top (a resistance point)...if so I would apply the investing law .. don't buy near resistance levels, buy near support levels with tight stops..

Disc:..Due to the bearish NZ market, I'm bound to my TA discipline to cease buying. Best of luck to the buyers..

The timing of the float is regrettable..it's never a good idea floating during a down wave that looks like the death of the 6.5 year old ancient bull.

Crafty buggers setting the float price around $6.20 as that price and down to $6.10 will not cause any Technical breaks...Maybe I gave them too much credit.....the book build at $6.00 will trigger TA sell signals....

Mr Market is not stupid and this float action is viewed as not a great proposition and Mr Market has priced it below float price...At $5.80 this morning the great looking chart before the trading halt has suddenly broken down and firing of sell signals...The trend is still intact, breaking $5.60 would end the present bull tide....

....so I would apply the investing law .. don't buy near resistance levels, buy near support levels with tight stops..Buying on the $5.60 support would be hazardous to your financial health as it could gap down if broken ..beware

Placement at $6. The $5.75 was a very brief spike down. Now 5.85+
Doesn't mean it won't go lower

No , true..but it has...fallen to 5.79 but seems to be bottoming out for the time being..

I would apply the investing law .. don't buy near resistance levels, buy near support levels with tight stops.. Well well well $6.00 was meant to be the support floor and an attractive price level to buy into the float...however the plans of mice and men went astray and now the $6.00 is the the ceiling, a resistance point and so theoretically not an attractive price level to buy into the float...

Disc:....TA kicked me out of my final remaining share yesterday...All in Cash now (apart from the 2 dogs in my bottom draw kennel)

[Joshuatree]

Monumental stuff up for holders; with com com decision to come.