Signal UpdateOur system's recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed above the confirmation level which was at 33.66, and our valid average buying price stands now at 34.00. The previous SHORT signal was issued on 13/11/2024, 21 days ago, when the stock price was 38.60. Since then ITM.L has fallen by -11.92%.Market OutlookWe may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today's candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance. |
Strange you were all positive and hour ago you parasite |
No real growth just some moving around of projections.
People still awaiting real progress. |
Moon the Loon i will wait and see what the next few days bring. |
I have increased my short at @ 34 |
It's at the bottom and has turned u.s. and uk starting now |
Sentiment in the Hydrogen Sector is negative at the Moment.
ITM is performing well however if your in an out of favour sector you will not attract Investor investment. |
Well if everyone weren't like you profit taking jh it would stand a chance. |
Technically the share price needs to close and hold above the 9 MA if not the Trend remains down.
Hold above 40p target below 30p target |
Moon please stop it
The market clearly doesn’t see this as positively as you and I can see this closing down this afternoon when the yanks get involved |
Yes, or the development of Germany. Some big deals due over there so big investments. I imagine another rns next week after the 6 week director buying period has elapsed may occur |
Would have thought quite a lot of the cash used would be for materials. Be interested to see how inventories have increased when results come out. |
Great review Graham. Everyone been holding their breath seeing how much itm been pummelled. This is the catalyst i spoke of glad I put my 50k with the directors and made a calculated risk yesterday that they are delivering. |
A glimpse of breakeven does the market wonders. There is nailed on broker upgrades due to bolster this into sensible valuation again. And the short squeeze will help as we get the blood back out of them |
This is what city investors are trading today.
ITM Power reported a robust revenue performance of £15.2 million for the first half of 2024, alongside a growing sales pipeline and improved EBITDA loss projections. The company remains on track with project deliveries and tight cost management, positioning itself well as customer investment decisions accelerate into 2025. With a strong net cash position of £203 million, ITM Power is poised for continued growth in the green hydrogen sector. |
I think my statement of into the 40s within a week. Change that to day |
He has started to deliver. There's something hidden that the directors know will emerge on top of these great progress figures. Hence the dirsctor buying across the board. |
£203m just over a month ago....Not running out of money any time soon is it?
Good, steady as she goes, update. |
Under promise over delivery seems to be the way Dennis works. Breath of fresh air compared to the majority of CEO’s on AIM who seem to do the opposite. |
Morning chaps
Not bad results |
Talking of bones another he has called wrong. |
Breakeven close. And those figures set to over achieve at full year. Nice easy target can't wait for news on order book. I'd expect to be around 50p region when the interims are put and more meat on the bones. |
john henry, anything in particular, it all seem much of a muchness to me. |
Suns out today |
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