Pantheon Resources Share Discussion Threads

[forwood] 20/1/2023 09:58

Am giving you two charts. The first shows the major support and resistance lines. These are the points where end of day price action has rested several times in the past, with the most recent points being stronger than the past. Here, action over 5 years also shows the status of current indicators emerging from extreme oversold conditions, with all 3 main indicators rising.

The support line at around 44.5 and 45 is where we've been. There's a small resistance line at 48, which is important to the second chart, showing an ascending triangle, a bullish pattern following the major recent fall (see for more info). Price action has already moved up since drawing these charts.



There's nothing much to stop this returning to the resistance line in the low 70s but you could make an argument for minor resistance around 56.

Next is the ascending triangle. Pretty, isn't it? Expect to see that take off soon. MACD and Stochastics have clearly turned up, and RSI the main oversold indicator is gently rising at the moment from a very low base.

[thebull8] 20/1/2023 09:56

Charts work until they don't Especially for oil companies that produce no oil and have no money

[forwood] 20/1/2023 09:55

Am giving you two charts. The first shows the major support and resistance lines. These are the points where end of day price action has rested several times in the past, with the most recent points being stronger than the past. Here, action over 5 years also shows the status of current indicators emerging from extreme oversold conditions, with all 3 main indicators rising.

The support line at around 44.5 and 45 is where we've been. There's a small resistance line at 48, which is important to the second chart, showing an ascending triangle, a bullish pattern following the major recent fall (see for more info). Price action has already moved up since drawing these charts.



There's nothing much to stop this returning to the resistance line in the low 70s but you could make an argument for minor resistance around 56.

Next is the ascending triangle. Pretty, isn't it? Expect to see that take off soon. MACD and Stochastics have clearly turned up, and RSI the main oversold indicator is gently rising at the moment from a very low base.

[thebull8] 19/1/2023 20:38

It will be interesting watching my short position grow in value

[truant2tb1] 19/1/2023 19:11

It'll be interesting to see how long PANR wait out the upcoming fundraiser, we know it's H1 but the tell tale sign will be a spivvy ramp with more obfuscation around the now discredited "flow test"I'm not closing my short until late this yr at 10p

[helpfull] 19/1/2023 19:02

Cor blimey, guv!

The share chart that continues to give. The death cross still in place and working out nicely. Long term trendlines smashed. After the large fall from about 80p to 40p investors might need to watch the bearish (descending) flag in the current chart. It presages a fall down to 10p. I wouldn't thunk it possible. Commercial or not, cash raise or not, 23 billion or not, flare or not, the share is price is going one way.


free stock charts from uk.advfn.com


Be careful.

[bodroll] 19/1/2023 18:58

Where has Everyone gone!?
I’m still holding, added and never yet sold any.

[olderwiser2] 19/1/2023 18:34

Where have all the Oh so vocal shorts gone !!!!

[bigdazzlerreturns2] 19/1/2023 16:37

FifthElementInvesting18 Jan '23 - 11:12 - 1754 of 1818
0 2 0
AVCT still going up and BigBazz and Truants short still getting smashed.

PANR rising now also.

You have to feel sorry for them.




Swen is that you???

[gemstar2] 19/1/2023 15:56

The Bull claims to have lost £250,000 on Meldex

"The Meldex Fraud(Moderated) - ADVFN - Free Bulletin Board"

[padamster] 19/1/2023 15:52

And AVCT along with Truant 😂😂

[gemstar2] 19/1/2023 14:57

The Bull lost Megabucks on Meldex and Prm
Very angry
Best filtered

[thebull8] 19/1/2023 14:41

Your response makes no sense and yet you have four thumbs up because you said deleberate attempt to mislead Sheeesh

[rabito79] 19/1/2023 12:37

If that is indeed the case, which I very much doubt, the claims of the well being a failure are a deliberate attempt to mislead.

[thebull8] 19/1/2023 11:08

No bears do understand the complexity of bringing oil well online. That is why we shorted it from a billion pound market cap. I would argue that most of the bulls here do not understand the complexity of being oil wells online. They believe it is as simple as flicking a switch and pumping out 2500bopd

[references] 19/1/2023 11:04

How’s daytime TV today Bull? (He posts during the adverts). Quality.