Telit Communications Share Discussion Threads

[master rsi] 31/8/2017 12:31

Intraday retracement just like yesterday and it was the order book at 12pm who orchestrated.

so far has been a 38.2% retrace like yesterday to 152.50p

high 160.25p low 140.50p

23.6% - 155.589
38.2% - 152.70
50.0% - 150.375

[mister md] 31/8/2017 12:29

glenkaz knows how it goes ;)

[glenkaz] 31/8/2017 12:28

Shake and up🤡🤞

[andrzejs1] 31/8/2017 12:26

2 £ easy

[miahkaysor] 31/8/2017 12:21

back down to £1??

[5chipper] 31/8/2017 12:10

Are we still on on the 297 - 100 retracement?

Or, as it bounced up to 150 before falling back to near 100 again, are we not in a new 'phase' of technicals?

[mister md] 31/8/2017 12:05

Back in for some more - feel this has a bit further to run ;)

[frazboy] 31/8/2017 12:05

can you summarise?

[master rsi] 31/8/2017 12:05

Retracement points

[bones30] 31/8/2017 12:00

It's dated yesterday from what I can tell.

Says: By Ben DiPietro
Aug 30, 2017 3:06 pm ET

I'm not pasting it here I'm afraid. I doubt WSJ would want that.

[frazboy] 31/8/2017 11:57

thanks - i saw that, but it is subscriber only i think. it looks like some of the material may be a few weeks old too?

[bones30] 31/8/2017 11:56

fraz: here's another

[frazboy] 31/8/2017 11:53

I don't disagree scantrader - but the upward momentum is all encompassing at the moment.

bones - thanks for the links, very useful.

[mister md] 31/8/2017 11:53

company may be dodgy, but always nice to see a short squeeze

[5chipper] 31/8/2017 11:51

Fair point.

To be honest I don't go in for chartism - do you find it works?

Having a long-position, I was being critical of hpcg's technical analysis which led to a price target of 75p...

[scantrader] 31/8/2017 11:49

Lads - this was just an RNSNON / RNS REACH! (Hence no new profit and loss guidance).

[master rsi] 31/8/2017 11:48

5chipper

you have to look for points where to calculate, highs and lows before hand.

your are looking for the bounce already with no previous points

[glenkaz] 31/8/2017 11:46

🔥😱

[5chipper] 31/8/2017 11:42

Which £1 low are we looking at, as I can see two on the chart

[5chipper] 31/8/2017 11:40

So what? I'm teaching my 9 year old nephew basic KS2 equations such as that!

My question was, though, have we not already seen a 50% re-tracement (based on your figures) from £1 - £1.50? Completed about 2 weeks ago? Any other chartists have an opinion?

[master rsi] 31/8/2017 11:38

hpcg

the share price is coming down from a high of 297p down to 100p

Fibonacci Retracement 297 high 100p low
23.6% - 250.50
38.2% - 221.75
50.0% - 198.50
61.8% - 175.25

[bones30] 31/8/2017 11:36

Seems useful in case people are researching.

[glenkaz] 31/8/2017 11:34

Auction 🤡✌A039; £2

[scotty666] 31/8/2017 11:32

bones maybe it was priced in at that co. Clearly with the price capitulation of late and reversal today (yesterday) the M1 was not priced in.