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.

I`ll post todays 10 day chart at the top of the page as soon as the action starts. IMO there will be a lot of selling activity as the overnight trades kick in

snip
That pesky RNS looks as if it's done the trick :(

So much for a chance at the lows - the action seems to confirm that buyers are more than happy to keep this one up. The ADVFN crew will be wetting themselves with glee.

Well done to those who kept their nerve or bought at yesterday's lows.

mg - I've certainly kept my nerves - I can feel each and every one of them at the moment, lol!

SD,
Take 2 Bob Martins 3 times a day, and a quarterly wormer. You'll be fine!!LOL
Alan

test of resistance coming up now. If this is going to carry on climbing then it has to push through on good volume

2:5 @ 13.5:14 and 30k v 375k

strange. There is another of those indecision dojis today 12th. It is a touch more bullish than bearish but IMO don`t get complacent about the price. This is a month graph and you can compare

up to re-test 18 imo

snip, you see this now climbing to 18p?

Or the 18 month low!

Not much of a chartist me, but its a pleasure to read your sane SEO thread Snip.

snip
my own reading (fwiw) is that we will need to test and beat in succession the 14.75p and 16.75p supports turned resistance before we can tackle the key 18p level again - which is where I would love to be as soon as possible so I can sleep again!

sd

you are right about testing and re-testing stockdog but I am using wider observations ie 12 and 18. I do believe that seo will need to re-test 12 and hopefully come up again from a higher low. The tests and re-tests will eventually make for a healthier rise. I do hope that, in the meantime, seo comes up with some good, concrete positive news for all the holders who are hurting at the moment. The hype on the other thread is not what is needed for a sustained recovery

So snip - am I a ramper or a deramper ??

Baza

Top thread.

Not much of a chartist too but started looking at candle sticks a few weeks ago. Really interesting to watch.

Cheers Snip