Averaging is good.
What do you mean, Wattie? Thanks
Averaging is good.
Sorry,What do you mean, Wattie? Thanks
Chaps,When u think silver is pivoting can u post please- I’ve got cash on sidelines.
Noted Froddy thanks,Chaps,
An update ...
Silver (spot) has made up some lost ground over the last few days, following its bounce off the 100 SMA last Thursday. It looks poised to re-test the 50SMA and the 20SMA which have now formed a (potentially) bearish cross.
As the price action has been so volatile, I've struggled to identify a broadening formation until today. It's still early days, but here's what I'm seeing on the 30 min chart:
Price may continue to hug the upper line of the formation, or it may become exhausted and then decline. If inclined, and with a stop loss, you could have a go at targeting 25.25 from here.
Gold (spot) is almost identical in its behaviour (support at 100SMA and 50/20SMA cross too, albeit that the cross happened last week). If inclined, you could target 1920 from here
I'm doing neither as there is no trend to speak of - remember that tomorrow marks not only the end of the month, but also the end of the quarter. And there's the first presidential debate tonight.
Sometimes we just need to be patient!
What do people think about CINE? With the announcement all screens to close in UK and USA until next year the share price is likely to crash to <20p. By closing them should actually save money compared to running how they have been recently.
Could be a great post Covid recovery sector eventually. Share price never below £2 before, blockbuster films delayed until next year so should be good revenue quickly once open?
I'm tempted to get some, cross my fingers and not look at the price again for 6-12 months.
Always a chance they go under but I don't think that would happen. Can see a potential 5-10 bagger in the medium term?
CINEWORLD expected to close this week.What do people think about CINE? With the announcement all screens to close in UK and USA until next year the share price is likely to crash to <20p. By closing them should actually save money compared to running how they have been recently.
Could be a great post Covid recovery sector eventually. Share price never below £2 before, blockbuster films delayed until next year so should be good revenue quickly once open?
I'm tempted to get some, cross my fingers and not look at the price again for 6-12 months.
Always a chance they go under but I don't think that would happen. Can see a potential 5-10 bagger in the medium term?
Up 2.5% and 7%+ respectively yesterday.That’s an interesting shout but it doesn’t fit with my profile.
Personally I’ll stay clear.
Who’s to say restrictions will be lifted next year and if they are would you go and sit in a cinema?
A 5-10 more obvious bagger imo will be if Trump recovers and touts “remdesivir” (Gilead) or other “experimental treatment- regeneron” (REGN) as the reason he survived.
Trading nowadays is riding the wave...... and knowing where the corruption truly is!
Trump COVID-19 treatment: President had stakes in Regeneron and Gilead, makers of antibody cocktail, Remdesivir
President Trump previously reported he earned capital gains from Regeneron Pharmaceuticals and Gilead Sciences Inc., makers of COVID-19 treatments.www.usatoday.com
REGN anyone?That’s an interesting shout but it doesn’t fit with my profile.
Personally I’ll stay clear.
Who’s to say restrictions will be lifted next year and if they are would you go and sit in a cinema?
A 5-10 more obvious bagger imo will be if Trump recovers and touts “remdesivir” (Gilead) or other “experimental treatment- regeneron” (REGN) as the reason he survived.
Trading nowadays is riding the wave...... and knowing where the corruption truly is!
Trump COVID-19 treatment: President had stakes in Regeneron and Gilead, makers of antibody cocktail, Remdesivir
President Trump previously reported he earned capital gains from Regeneron Pharmaceuticals and Gilead Sciences Inc., makers of COVID-19 treatments.www.usatoday.com