Amerisur Resources Share Discussion Threads

[harrisun] 30/9/2017 13:56

After such a drop in share price seems ludicrous to write about profit taking when shorts have to close.

Put it into perspective. The claimed 30% rise is from its low but represents just a few pence. A far cry from when it dropped over 45p to reach the low.

Few profit takers here and shorts still to close with possibly 5,000,000 shares to buy

[boris cobaka] 30/9/2017 00:12

Wee gap @ sub 18p will v likely close.
Sp has exploded out of the likely final low, accompanied by some uber bullish comment - a bit overheated and probably more volatility on the way.

[juuunx2] 29/9/2017 18:56

Marnewton happy days then as I'm break even at 25 lol

[marnewton] 29/9/2017 18:32

It's been a very good run...ending today with a rather bearish candlestick up against the falling (so resistance) 200 day SMA (red line) and the upper trendline of the long-term descending channel. As noted the other day, indicators are overbought.

I'm hopeful support will come in around 20.00p.

If that is the case, a short period of consolidation forming a bull flag or pennant is the best scenario. That would target a minimum of 25.00p.

That's the ideal, and based on what I'm seeing today, quite likely.


M


Log scale daily candlestick chart:

[kerri28] 29/9/2017 18:04

Can't complain with a 30% rise in a week although this is still well undervalued in my opinion.

[davwall] 29/9/2017 17:12

I even used one of the dips to spend a bit of divi pocket money this afternoon. Sad or what..?

[lucyp00p] 29/9/2017 17:05

It's been a good week guys. Anyone that has stuck with this company has deserved this. Fingers crossed for more of the same

[boris cobaka] 29/9/2017 16:14

Well it's been a terrific rally. Got to expect some profit taking after such a rise.

[puffet] 29/9/2017 15:48

She'll end blue by close of day :)

[bryet] 29/9/2017 15:20

Good week shame about how it seems to be ending anyway looking forward a more positive future.

[bigwavedave] 29/9/2017 15:14

There's still a bit of dumpage going on today.
I blame IC.

[trotting12] 29/9/2017 14:22

I'm expecting a nice blue finish !

[laptop15] 29/9/2017 13:28

Expect to see a 6 million buy go through soon!! GSA short closing is my bet....or selling almost out??

[tsmith2] 29/9/2017 13:27

think our overhang is being sorted out..

[aceuk] 29/9/2017 12:24

Why aren't we having an auction?

[big7ime] 29/9/2017 12:13

I know, and the share price at the time was 26p; just thought it was worthy of posting again as his eoy tgt is 45p, nothing has changed in the interim
Shows how undervalued AMER is thought of
Malcy also claims it to be (forgot his actual words) ridiculously undervalued

[moneylender] 29/9/2017 12:09

Big7ime that article is nearly 12 months old!

[bigwavedave] 29/9/2017 11:52

Buy tip in IC today. The last time they did that was in June and the price was 26p. Let's hope it's not another kiss of death.

[big7ime] 29/9/2017 11:48

And for newcomers some background on GClarke

[big7ime] 29/9/2017 11:46

Wahab's EoY target back on

www.proactiveinvestors.co.uk/companies/news/170879/amerisur-top-pick-for-2017-170879.html

[harrisun] 29/9/2017 11:15

Profit taking has already taken place but not dented momentum with shorts that have still to be closed.

A little more news could propel this to 30pdq

[bryet] 29/9/2017 10:01

More sells than buys but price holding up well looks good so far next week will be the key as to how far this will go before profit taking sets in.

[meneither2] 29/9/2017 09:54

Buys or sells either way it doesn't matter, the market is absorbing them and happy to take the price higher. So much more confidence about.