Lamprell Share Discussion Threads

[master rsi] 28/6/2020 23:19

stuie

Is that what you mean as a J-HOOK?
I've done this chart to see it much better for posters that are not used to Candlesticks and less to "j-jooks charts"

   

[stuie] 28/6/2020 14:52

Very interesting week coming up for me. If we can close above 22 I will add some more. If we can close above 27 I am throwing the kitchen sink at these. Close below 18 and then I’m really worried.

[jimsyone] 28/6/2020 13:51

LAM 22.3 holding the 21 ema break that and we head back into a H&S. I see 27.2 as next resistance.

[stuie] 27/6/2020 20:59

Hi guy's if anyone would like to have a look at some very interesting developments on the LAM price chart i might be able to highlight some things. If you google/or pull up a candlestick chart for LAM over the last year and put it on a daily timrframe so each candle is 1 day.The first obviuos thing is 2 lovely j hook patterns from middle of May 2020 to end of june 2020 with another one about to form.last night i also noticed a previous jhook formed in Dec 2019 almost indentical to the latest ones.if we call the jhook in Dec (A) and May(B) june(C) and measure the move from the bottom to the top we get.
A= 20p moved up to 40p +20p move
B= 7p moved up to 28p +21p move
C= 16p moved to 38p +22p move
the latest jhook currently forming has a bottom of 18p if you follow the progression of the previous 3 and make the move up 23p it tops out at around 40/41p
Now draw a line between the top of the december jhook and my prdicted top for the one forming at the minute and guess what its identical.What this shows to me is the market makers are accumulating stock when we panic and sell on the move down ready to sell it back to us when they move the price up.

[katsy] 27/6/2020 19:22

By all means please post TA you've found. That's what these boards are for. Better than posting pictures of rockets

[stuie] 27/6/2020 15:17

Hi guy’s , bought into these a few days ago strictly for the technical aspects of the chart. Whilst studying last night I noticed something crazy on the LAM chart but I am a bit worried to post it because I know most people a fundamental based on ADVFN and look down there nose on T/A. If anyone wants me to post my findings I am happy to do so, but I don’t want take away from peoples fundamental outlook, which is also positive.

[paleales] 27/6/2020 07:20

Lamprell PLC
LAM : LSE
Triple Moving Average Crossover (4-week 9-week 18-week)
2020 Jun 26 WEEKLY
Intermediate-Term Bullish

[stuie] 26/6/2020 16:21

Not enough buyers to get through the key level. Good battle though.

[prince7652] 26/6/2020 15:48

Here we go

[fart_conductor] 26/6/2020 14:32

Crawling with algo bots, down n up

[prince7652] 26/6/2020 13:47

What's with Lamprell and Friday afternoons?

[glavey] 26/6/2020 10:24

Turnover is vanity,
profit is sanity,
cash is reality.

[katsy] 26/6/2020 09:17

Seems like there's no shortage of selling down here either. Have I misunderstood the recent contract wins?

[stuie] 26/6/2020 09:05

2 prices to keep an eye on in the short term. 22.70 and 26.30. There is a wall of sells waiting there, we have already hit the 22.70 and been rejected this morning. Beak these and things get interesting quickly.

[spurslegend1] 26/6/2020 08:30

33.7P price target

BEFORE RNS YESTERDAY #LAM #LAMPRELL
net tangible asset value of 46p Lamprell is in a strong position to win future projects
Indeed the firm is expecting a major contract win within the next 12 months

[coxypete] 26/6/2020 00:08

Oil price being down has impacted workflow for oil & gas projects - slowing their order book. However they have started to build up with some nice contract wins - recent icing on the cake being a >$150m win for a Scottish Renewables project. Presently debt free and with cash. A few more contract wins and share price should motor

[ali47fish] 25/6/2020 19:25

this one has gone down so much that i can never summon the confidence to add-is it sustanableand whatis the outlook anyone with insight please give a brief summary

[stuie] 25/6/2020 19:02

Decent fundamentals with the new orders, very interesting few days coming up from a technical point of view. 2 perfect j hook patterns on the daily time frame and another setting up. If we can push to 31 in the next 2 or 3 days this will fly to 40/45. My opinion only DYOR.

[spacedust] 25/6/2020 16:25

Are they buying 16 shares

[mhin2] 25/6/2020 16:11

I like this

`Directors' authority
to make market
purchases of its
16 own shares '

[spacedust] 25/6/2020 14:51

Steady upwards to 25p first stop

[spurslegend1] 24/6/2020 20:29

LAMPRELL 33.7P price target

[spurslegend1] 24/6/2020 15:58

BEFORE RNS YESTERDAY LAM
Lamprell shares are cheap when compared with the per-share net tangible asset value of 46p Lamprell is in a strong position to win future projects
Indeed the firm is expecting a major contract win within the next 12 months