Riverfort Global Opportu... Share Discussion Threads

[the prophet] 28/2/2005 20:31

-all sounds a bit double-dutch to me, PC?.....

-bottom line here is the share is heading north, don't need bullish candle engulfing patters to tell you that!!!!

[pomp circumstance] 28/2/2005 20:19

2 ergo Group PLC

Daily Commentary


Our system posted a BUY-IF today. The previous SELL recommendation that was confirmed was made on 24.02.2005 (4) days ago, when the stock price was 143.5000. Since then RGO has gained 2.79% .

Is this finally a good time to buy? Well, it depends. First check what happened at after hours trading and future values. Then, follow the next session very carefully and be on your toes. This candlestick pattern is a bullish one, but we have to see whether it will be confirmed or not.

Do you see a gap-up at the market open? Do you see a white candlestick forming with a higher close at the session's end? Shortly, is it a nice bullish day? If so, place your buy orders and open new long positions. The market is now on the bull side.

But, be careful, also. If you see a gap-down when the market opens, or if the session closes with a bearish sentiment producing a black candlestick characterized by a lower close, do not challenge the market. Ignore the BUY-IF alert. Cancel the buy orders and cover any new long positions that you might have opened. Bears are still in control.

Candlestick Analysis
Today's Candlestick Patterns:

White Marubozu
Bullish Engulfing





Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.

For more about this candlestick click here.

The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

[zho] 28/2/2005 12:25

Thanks TP,

I asked for the report and accounts last week but they haven't turned up yet.

T

[pomp circumstance] 28/2/2005 09:06

TP, really, Im sure they were a name i remember? Maybe they were talked about on the unquoted.co.uk BB!!

[pomp circumstance] 28/2/2005 09:05

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[the prophet] 28/2/2005 08:58

PC
-RGO have never been on Ofex? went from being a private co straight to AIM

[pomp circumstance] 28/2/2005 08:52

what price you in at? I rememebr this from OFEX days, had many of them multibaggers (some not kapot) but saddly not this one, Im only in in recent weeks

[the prophet] 28/2/2005 08:49

PC...no problems
-as I said in the thread header, I've been in these since it was a 'seed play' + I'm sure the guys will issue news as + when appropriate :-)

[the prophet] 28/2/2005 08:32

-I note the Numis note says that the 175p target could prove conservative, as further deals are signed during the year.

[the prophet] 28/2/2005 08:31

PC
-it's ticked for news, but no news in last month.......
-is that what you meant?

[pomp circumstance] 28/2/2005 08:29

The Prof, can you edit the top post and add the RNS option ?

[pomp circumstance] 28/2/2005 08:27

Link to the Numis research note of November where 175p was the target,

[the prophet] 28/2/2005 08:24

-had £2 target myself.....

[pomp circumstance] 28/2/2005 08:22

Step 2 on the road!! Here we go!! 180p very quickly!!!

[smelleroo] 24/2/2005 12:50

- did you see that buy trade at 12.23?

- guess need some more fuel for the fire e.g. news from the company or something in the media

[pomp circumstance] 24/2/2005 12:28

gone quite here!!!!

[jgoold] 23/2/2005 08:30

Seems like a day to turn off the screens and go build a snowman (or snowperson if you wan to be pc!)

[kitkat] 23/2/2005 08:26

125p - ouch

[kitkat] 22/2/2005 12:38

nice solid buying

[kitkat] 22/2/2005 11:46

thx smell

shake out the day traders and then onwards and upwards