Empire Metals Share Discussion Threads

[geko5trade] 24/2/2021 19:56

I like different chartists' interpretations. Post away as far as I'm concerned!

[bikwik] 24/2/2021 18:06

Best performer today of the 35-40 gold stocks I look at. Not sure if we bottomed yesterday at 3.10p, though if not its close enough to 3p. Today we have a bullish harami on the candlestick chart. I'd be more sure if we can close over Mondays high of 3.52p. However, we are at the cycle low turning point and the end of the 5-3-5 zig-zag corrective wave structure.

[bspgamer] 24/2/2021 16:27

https://youtu.be/K2-yUQS70KcFor you fruity

[geko5trade] 24/2/2021 16:26

Only half an hour eh. Better buy some more quickly then!

[bspgamer] 24/2/2021 16:24

Come on fruity it's been a while crocodile

[bspgamer] 24/2/2021 16:24

Ii you Soho toilets like now

[5trelok] 24/2/2021 16:03

Massive selling today...

Trading will be suspended within the next half hour.

Absolutely shocking company.





5t

[bspgamer] 24/2/2021 14:18

https://t.co/qR8e7xulUYHave a listen to that about 9 mins in

[geko5trade] 24/2/2021 12:09

I also think PI's tend to buy into stocks if there is the possibility of an elephant country project no matter how far off or how remote that project is. Conversely as projects become quantified they'll often leave a stock to look for the next sentiment driven play. This is very much the case here with the likelihood that the Georgian assets will be sold. Personally I much prefer the idea of some short/medium quantifiable gain from Georgia to focus on the Australian assets. Particularly as I think, however the macro economic picture develops with regard to inflation and money supply, it is highly likely that Gold will remain sought after. I like the improving short term visibility here.

[geko5trade] 24/2/2021 11:47

Thanks turbotrader2, (assuming your source is correct), I was just trying to find that out.
Overall it doesn't change my view. One never knows what reasons PI's or institutions have behind selling and I still see a disconnect between the near term prospects here and the MC.

[turbotrader2] 24/2/2021 11:05

This wasnt on the IG list

[saracen3] 24/2/2021 08:26

The selling caused by IG forcing closure of CFD positions has hopefully run its course. Traders will move to other providers and reopen their positions.

[seanlander] 24/2/2021 08:18

Is this the bounce?

[bikwik] 23/2/2021 17:32

Ideal price action i'd say - apf - on the final decline to the end of the zig-zag.

[bikwik] 23/2/2021 17:29

This is a daily close chart so you can see the zig-zag correction clearly. Also we are pretty much on a cycle low this week as you can see. Note also its oversold on MACD and stochastics.

Plus of course key support from the rising 200 day moving average is coming in around 3p, so pretty close now. There should be a lot of people bearish now, which will help to set up the rebound as sentiment turns. Scope to take out the highs and probably hit 5p or more on this next run.

Note also we are at the bottom of a parallel downward channel during the final five waves down.

[apfindley] 23/2/2021 17:24

Crazy price action here.The selling is an organised game disconnected from the achievements and prospects of the company. The operational advances here could come much faster than many realise.

[bikwik] 23/2/2021 17:22

I think we are very close to a key cycle low. Chart posted below:


free stock charts from uk.advfn.com

[geko5trade] 23/2/2021 16:35

You may be right. It's the kind of anomaly that could cause this kind of price action.

[saracen3] 23/2/2021 16:07

Selling of speculate small cap right across the board today due to IG Index closing leveraged positions.

[geko5trade] 23/2/2021 15:49

Now a fraction below the lowest support line that I marked on the chart. Given the progress and how close the company is to production seems like a disconnect. If one doesn't believe in the yellow metal then fair enough, but...