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

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.

you mean support, and not sure i agree... at 2.00 a share it had got ahead of itself, but it represents much better value at current levels...

Sorry, I meant support. Thousand apologies.

I believe the 146/148p mark ie just below 150 support was key, notice how it dropped substantially at end of day, with the support gone, not sure about a bounce but i would imagine there will be a lot of investors coming home at end of day, looking at their screens and planning on buying tomorrow...

now below 200dma, will it bounce or (more likely) keep falling, looking at 128p poss... seems to be now out of favour with the market, but that doesn't detract from the fantastic business model of this well run company...

Think I'd wait for a bounce around the pound level. It looks to me to be in a down trend channel now. The pound level intersects that channel and is a good phsycological figure to stage a recovery from. In my opinion....

Strawbs.
Not invested (in anything (still)).....

126p now...support has been broken too easily...brace for a fall now or sell out.