notice the action below the level of the base of the open white candle. The last candle is a doji. It is indecisive but the bearish line above does not look good. It may change throughout the course of today.

and it changed while I was writing this. It now looks like a small open candle. Have a look eod because that will give a better idea

just indecision , my comment friday was really because i noticed that even with the smallest of sells the bid was moved down - seemed like nobody wanted the shares

re the top chart. There is just a small margin of safety before a potential big drop

notice the steepness down from 18 compared to the slope on the way up to 18

this has been under pressure for so long i would not be surprised to see it gap down

the chart for today the 11th

Mind the gap !!

Well spotted md

Been watching these for a while - but think I'll leave 'em alone until they reach 10p now.

looks like next small stop will be 10 but not much support there

snip
Agreed - around 6p is support - there are a lot of people who stepped in around there - doubt if they'll hold on too much longer and lose their gains. Could go sailing through 10p - unless it forms a new higher low.

watching for a blowoff here , may be entry soon

what's a blowoff?

Something that belongs on the Talk To Yourself thread, Bos!!
Alan

h6 naughty thread that

bos , think your taking the m*** but anyway watch the volume

lol, i think we'd get banned if we put pics up of that!!!! best not mention it to jimmy.....

it was a genuine question, maddoctor. i'm guessing it's some mad fluury of sells sending the sp down even more before it starts creeping back up in anticipation of news? that's something that has happened consistently with seo. dive before news.....

Watch out bos i'm lurking, and looking for a picture ,now what do i punch in to the search engine ??

a selling climax. Not likely here until around 6p. sellers are selling on the way down in order to wrap up a smidgen of profit or if they are awake enough not to lose most of their pot. It depends on the individual original buy point. The current buyers are into catching falling knives. There is absolutely no buy sign here

snip , your explanation much better than my brief word but volume already above the 50 dma and its only 9.45

lol md there are still lots hanging on. The panic will be at just above the major buy point ie 6p. The panic leads to the `blowoff` but then there will be several tests of 6p as sellers sell on each rise above 6p thankful to get out with the original pot.
Market psychology rules!!

Snip, agree that from a charting point of view there is no buy sign. But charting can only take you so far. Eventually you've got to get off and think. The buy sign for me, is that there has been nothing even remotely negative since the days of 28pps. The only difference is market sentiment, and that is a fickle horse to ride. The next RNS will (providing it is not bad news) see sentiment switch in the opposite direction and buying in then could be costly compared to now. The difference between us is probably only a matter of brinksmanship. I am prepared to buy at this level and not mind too much if the price has a bit lower to go yet, whereas others are determined to leave it as late as possible to get the best possible price. My timing is not that good so I look for a longer term return and sleep a bit poorer, but more soundly for it.
Alan

respect, Alan.

Each to their own.