Anglesey Mining Share Discussion Threads

[benjamin15] 17/1/2021 11:33

Calmtrader
You got the link please?

[calmtrader] 17/1/2021 10:43

From Twitter "My research leads me to believe that a large strategic partner with deep pockets will come onboard very soon..then watch it move"

[iglenn] 16/1/2021 05:10

Guys, Ive posted 1 last chart. The previous 2 were quick and clumsy. Apologies for too many but I am trying to hone my skills at trading on the Forex and CFD market using exactly the signals below. I'm also trying hard to keep my marzipan hat in one piece.
Although charting is an often derided art it does have validity...markets are herd mentality and as such follow patterns of behaviour which can be used to predict future movement...much like crowd studies to indicate fire door locations in stadiums..the individual becomes herd predictability.

1: Identify price action (The pin bar)
2: Identify trend line support or rejection (in this case support)
3: Identify the Elliot wave if available and not just range bound
4: Identify entry and profit points
5: Plot all points and identify potential rejections (in this case the MA)

I would trade this (honestly) with the following criteria:

a: Entry point after break through the MA is closed ie 7.5p
b: Stop loss at the usually very strong 61% Fibonacci line @ 5.35
c: Target 10.7p as profit taking line. Trail stop loss to allow to go above.
d: Real target is 12.7p
e: I see no reason for the share price to fall below 4p which has acted as both rejection and support previously.

On a CFD platform 10.7p target would be a Risk Reward ration of 1:1.5 or a 50% return. Not the best but certainly worth trading. At 12.7p the Risk/Reward ratio is 1:2.4 or 70% return which is certainly worth the risk.

This is all a game but lets see if the share price follows market movements based on historical trends and charting techniques.

PS, I'm not trading this but holding. Spacedust I also wanted to point out that I dont see a reason for us getting down to 2p...but are as you say at the mercy of the MM's on that point.

I will post another as and when we reach highs with potential for retrace indicated.

Good luck all

free stock charts from uk.advfn.com

[spacedust] 15/1/2021 19:27

Thanks glenn here's hop8ng you're right

[wisteria2] 15/1/2021 18:26

Thanks Iglenn , for the informative chart posts.

[iglenn] 15/1/2021 18:00

The 5th Elliot wave could be upon us if I have read the wave set up correctly.

[iglenn] 15/1/2021 17:59

I have highlighted below the strength of Pin reversals. They are a strong signal and usually right.

free stock charts from uk.advfn.com

[benjamin15] 15/1/2021 17:50

Iglenn
Nice chart, thanks

[calmtrader] 15/1/2021 17:38

Many thxs for this

[iglenn] 15/1/2021 17:35

well the end of the day formed an almost perfect pin bar at he bottom of a falling wedge. Its also right at the base of the uptrend so a bounce is highly likely. In english that indicates a break upwards now as buying pressure gives us momentum IMHO Monday will be blue..its just how blue is yet to be determined.


free stock charts from uk.advfn.com

[spacedust] 15/1/2021 16:18

From 2p since trader tipped it 9n grl thread

[anti corruption] 15/1/2021 15:59

I take it you are long now.

[calmtrader] 15/1/2021 15:02

Iron ore at record high!!

[benjamin15] 15/1/2021 13:56

Year old but interesting article regarding the revival of UK mining

hxxps://www.spglobal.com/platts/en/market-insights/latest-news/coal/011720-feature-uk-set-for-mining-revival-post-brexit-if-overseas-investment-flows-developers

[iglenn] 15/1/2021 13:28

joking apart calmtrader, I use Fibonacci and elliot waves to help predict share movements. Admittedly these sorts of stocks are very news driven but the levels I mention work on many occasions...especially forex and commodities CFD trading.

I see what I feel is the 5th wave coming which could push us to close to 12p. Just a game really but fun nonetheless.

[benjamin15] 15/1/2021 13:24

This will end up blue...Rinse and repeat

[wisteria2] 15/1/2021 13:14

Paid 6.25p for my average up buy, but it took some time to get them. Guess not much free stock about

[calmtrader] 15/1/2021 13:13

Right but joking apart 10p easily achievable

[iglenn] 15/1/2021 13:09

Marzipan :-)

[calmtrader] 15/1/2021 12:55

What type of hat

[iglenn] 15/1/2021 12:53

in fact, I'll go so far as to say I expect this over 10p within 2 weeks or I'll eat my hat. Now there's a ramp if ever you heard one lol

[iglenn] 15/1/2021 12:51

lovely mm games...look at the spread now 0.8% smallest I have ever seen it. It was over 8% an hour ago. Loot also at the size of some of the buys...over 100ks.! Mates rates alright. Buys far outweighing sells today according to ADVFN. AYM is in demand...it wont stay down here too long methinks.

[spacedust] 15/1/2021 12:38

Yes i was. I thought the rns was awesome and the share price would react like it should and just value us nothing but fairly. But it didnt and now i will wait for next rns and see if the same pattern persists.

Ive also maintained i am not selling a penny until 31st December 2021 but this depends on share price movements. If same fate as grl then im out even if that means with a loss. Not wasting yrs for fruition like grl. Im learning from experience

[anti corruption] 15/1/2021 12:28

You are the same person quoting 110p last week.Have you gone long yet?