Tanfield Group is the new company name of Comeleon. As I understand it, Comoleon was getting into trouble so TAN (paerent company?) took over. Since this has happened the share price has dropped by 0.25p each day for the last week or so (on average) and are now around the 3p mark with very little activity.

Does anyone know much about this company or previously held stock in Comeleon? There is virtually no info out there other than on the company website.

cheers

Mike

My mistake, hadn't ticked the 50dma...

seems to have dropped through 50, am currently wondering if it will keep falling, without further good news until 200dma...?

no Ted ..... my chart is just far shorter time-spread than yours ..... certainly no obvious support before 200 dma, though just possibly I guess around 150

Disagree to some extent Richard, historical support at 160 & 150, also long term trendline support at 150. RSI heading sub 30 again, arrival at which may well coincide with the trendline support. Hindsight is a wonderful thing but a classic bottom failure swing on the RSI a while back signalling a buy at 140, then double tops / triple tops both on the RSI and chart warning of a sell off at 180.

pth

Peter - thanks for the more refined view ands shall bear that in mind just in case i am tempted to buy more ..... really sorry shall not meet you at Christmas, but will arrange at some point, perhaps with some golf.

Richard, will be home in a few weeks for some months so hopefully will be able to arrange a day out with sticks in hand.

do you have my mobile number ... if not will happily send .... have found i have a free round at Belfry but only cruddy PGAourse, but will happily treat you to a day at my "posh" club if you can bothered to travel south

No I don't, drop me a line and I'll get in touch towards the end of the month.

interesting to read PT, i had fairly well called this myself just on basis it was struggling to break 180 substantially, and had run out of steam, am currently out and reckoned on buying more at around 160...

et voila, now sitting on 200dma, upon which i have re-purchased a slab, some 30p lower than i sold two weeks ago...

Of academic interest only - for anyone who wants to see examples of how rsi/price divergence can very nicely predict a price trend reversal.

Looking at the chart above. In July the upwardly trending share price continued to make new highs - but those two July peaks were not echoed in the rsi chart, where the July peaks , from a level above 70, took a direction divergent from that of the share price chart. So-called negative divergence. And the upward trend indeed became a downward one after that.

In August, with the share price still making lower lows, the rsi, from a level below 30 failed to echo that, showing positive divergence. And the downward trend reversed to an upward one.

There is negative divergence too at the start of August (less obvious) which presaged a fall. And a lesser example at the start of June ahead of an 18p dip.

As with all chart signals - not every example pans out - but rsi divergence (from outside the 30/70 range, and within a timespan no greater than 10 days)) works often enough for it to be seen as at least a warning of possible trend reversal.

Looking to get back in on these . Will set buy order for 1.45 and see what happens .

over the last week i have dumped a load of crap from my portfolio (VIY, GOO and a few others) as i think the markets have some way to fall yet ...... against that, i bought back my top-sliced portion of TAN at 149.25 and am now moderately overweight, as indeed i am in IEC, which may or may not prove to have been a smart move.

I have hit a buy order , back in again at 1 .45

200 DMA gave the support @ around 145p, poss back to 50 DMA @ 165p in next couple days...?

certainly a good bounce though for no obvious reason ...... volume good but not exceptional at 1m against daily average of 3.25m ...... no news

Not had these to long ! sell order kicked in at 1.55 , may set a new buy order at 1.40

guess a profit's a profit, but unless you had a significant slab, surely not that much of a turn - i.e. 10p less costs = say 8.5p

I will be back in these very soon , all adds to the fun !

Back in at 1.46 .

If resistance breaks at 130p, TAN is a SELL.