Amerisur Resources Share Discussion Threads

[tradesmarter] 21/12/2018 00:01

I've posted before that I'm looking for 32p, but there always seems to be too much excitement about a 1p move that I reckon most will miss the 10p moves just by holding...a few technicals to show the "penny moves" some you get lucky and nab a few more, for me I'm not selling but adding at retracements to support if lucky enough to land near payday. My plan is to get 312,500 volume and wait for the bigger £100K pay day once this lands....at 260,000 vol now now and expect my average will end up being in the 16-18p range once my accumulation is complete (hence why I'm happy if its stays below 16p for a few months, but also think I'll need to pay 18-22p in the near months ahead)

For the "penny traders/swing traders,chancers, speculators etc" 13.5-14p is very much last chance saloon in my book and they will likely target 17-18p resistance next. For what its worth I think we will "rest" in the 18-22p. BUT once 17-18p cleared and back tested its bullish for the med and long term....everything I'm looking at technically is very strong (but there's always risk) and this will be my last set of charts for a few weeks

previous view

free stock charts from uk.advfn.com


tonights view continues that theme but a "big chart" showing overhead and gap resistance being the next real test in my mind....this area is "pivitol" so as usual resistance, fall back to maybe 16 and then punch through and it turns support is my best guess

free stock charts from uk.advfn.com


Close up shows MEGA support and "on the uphook" at 13.5p (as expected 16p was tested from 13.5p bounce...sometimes you get a lucky call)

free stock charts from uk.advfn.com


swing traders and resistance becomes support rule

free stock charts from uk.advfn.com


keep it simple!...momentum is building and trend is up so unless we close below 13.5p its very bullish...higher highs and higher lows (cup n handle bottom)

free stock charts from uk.advfn.com


my view of oil from last week (best guess....i never really look at oil due to volatility)

free stock charts from uk.advfn.com


my view of ftse last week (best guess) Bounce and then fall to 6400?

free stock charts from uk.advfn.com


In short I think the market will fall to 6400 and then stage a recovery that will lift oil stocks significantly as they are "too cheap".....cheap stocks often get cheaper but I also like pmo 54p zone and blvn (long term support line circa 24p) from a technical/value perspective (no positions, but been "lucky" with both before

free stock charts from uk.advfn.com


free stock charts from uk.advfn.com


Back to Amer....I'm sticking with my view from 4th Dec but have added 17-18p "wobble" from reviewing the chart again this week, but it pays to look at the bigger picture and to "expect" a market wobble then rally in my view

free stock charts from uk.advfn.com

[knackers] 20/12/2018 18:03

“In spite of clear signs of a tightening oil market there has been no upward revision to 2018 E&P spending, with North America and international upstream investment expected to grow in the range of 20% and 5%, respectively.
Since 2014, many of the international operators have focused on maximizing cash flow by producing their fields harder and by prioritizing short-term actions at the expense of the required full cycle investments. This short-term investment focus offers a finite set of opportunities over a limited period of time and this period is now clearly coming to an end as seen by accelerating decline rates in many countries around the world. [In] our view, after 4 years of low activity, the international production base now needs significant growth in investments for the foreseeable future simply to maintain production flat at current levels.”

Paal Kibsgaard, Schlumberger CEO, October 2018

[avsome1968] 20/12/2018 17:05

showing my trade as a sell, nice to see volume up so news very near, also those 100 buys appearing again what's all that about

[knackers] 20/12/2018 16:56

Should have been be in a BAU trading range of closer to 15-20p IMHO.
As things stand, nil value attributed to Indico-1 drill or OXY farm-in. That'll change all in due course.

[ladeside] 20/12/2018 16:28

Looking at the chart, it appears that we're now back to where we should have been had it not been the false position of the RH selling.

15 - 20 should hopefully be our new stable trading range prior to some big news dropping.......

[knackers] 20/12/2018 16:15

Ugh, what a pathetic spread. MMs probably keen to crawl off and lick their wounds. Sadly there's no longer any RH to apply soothing balm. Sparks tmrw?

[avsome1968] 20/12/2018 16:15

hmmmmm maybe news tomorrow

[mister md] 20/12/2018 16:11

he's still after his 13p top-up

v. unlikely imho

[avsome1968] 20/12/2018 16:00

100k sell just gone through

[mister md] 20/12/2018 15:48

hopefully a gap up on the open, been held back for too long at 14p

[avsome1968] 20/12/2018 15:41

can see a bit of profit taking last thing ive had a buy order for 30k at 13,50 price last 3 days just cancelled it cant see me getting it now

[paradores] 20/12/2018 15:20

CPO5: Potential to be one of the best finds in Colombia..? Or just a rumour. Keep you eye on this.

[mister md] 20/12/2018 15:17

move on move on, nothing to see here ;)

[juuunx2] 20/12/2018 15:12

That's not strictly true look at Dianne Abbott for example :-)

[jotoha2] 20/12/2018 15:04

Flow test should confirm the short term share price action , I'm going for a rerate to 20/25p fairly quickly.

[deanroberthunt] 20/12/2018 14:37

it's not his first infringement....habitual

[deanroberthunt] 20/12/2018 14:10

what's the difference in valuation between 152p and 157p....noting I was 5p out.
notwithstanding my general point was still valid....

[knackers] 20/12/2018 13:48

From the cheap seats; looks to me speculative polarity may well have been reversed.

Recent drop in POO contrived.

Could be a sharp recovery to sustainable range; $60-75.