Am long here , tempted to add more The recent push to find more antibiotics and government's awareness is getting me interested more and more .Chart wise my 47,5s are still there , valid so far , not stopped , am keen to keep a stop at 38-40levels but once we get volume picking up I am in quite confident that we'll get a good rising trend here Don't want a lower low on the chart , but so far we are ok 20 sma is still rising and I like to be on the right side of it , ie if its rising buy if not sell.
Re: Low volume but quite happy Rising volume on a 55 day price breakout . I usually start to take notice at that alert . Am happy to stay long. For now . I like the fundamentals too but that is beside my entry exit technical view .
Re: Low volume but quite happy Hi OneWhat signals alerted you to MTFB starting to trend?Pen
Low volume but quite happy If we see low volatility small rises then am happy .No change to the trade I entered 47.5 , SL still at 40 .Trade still valid . No target to forecast here. Just seeing this level as a start to a trend
Re: Hey I bet AVM breakoutChart link is on Traders
Hey I bet a few were shaking a little yesterday lol !! When it hit 43.5 My trade is nicely on as per post , Entry 47.25 and SL 40 ( which will be enforced if hit ) and I will add at 52p I think . Only 1 lot for me so far . Current SP 48p so starting well As I posted somewhere on these bbs , I am looking at Gold to break out . So looking at posting some Small Cap , Mid and Big cap charts that are showing a possible breakout too ! I will look at Shorts and Longs but for now the prevailing view seems Bullish . If someone spots some good possible breakouts < I noted OMI as one , let me know please
Re: Am going Long here now Am still on my 47,5 entry SL 40 OBV ( On balance volume ) confirms the accumulation in my view. May seem counter intuitive what I do but over time I like the results . I also like the low volatility for a while followed this rise . Usually a good indicator for a break out , what I like after is rises on low volatility ! I don't want further rises on high vol , whipsaws are my enemy and high vol eventually whipsaws . Always follow your strategy , mine is just my view and not intended as advice , also note that I will add post 50p somewhere like 52.5 ish . Should we get there . I have 4/5 lots to allocate all of which are circa 2/4% of overall position . Same strategy for all my positions Hope its of interest to some for a proper TA discussion
Re: Am going Long here now **** 10% change to MTFB is worth 19% to AMP.I'm off to get that coffee!!!!!!
Re: Am going Long here now ***** Ahem 10% change to MTFB is worth 19% to MTFBI need coffee to wake up zzzzzzzz
Re: Am going Long here now Onedb1, penhome, you are 2 of 4 people I bother reading on III from time to time (Andy Reilly and Loadsadough being the other two), so it's encouraging seeing you both here. I mentioned AMP hold shares in MTFB, and that I'm invested in AMP (at just under 4p). Here's some more info.Net Worth28.3mill shares in MTFB. At 50p, this is worth £14 million to AMP, whilst AMP has a MCAP of £7.46mill.GearingA 5p change in MTFB (10%) is worth £1.4million to AMP ( 0.05 x 28.3 million shares).An increase in MCAP of £1.46million to a MCAP of £7.46milliom is appx 19% .In other words, an increase in MTFB of 5% is worth 19% to AMP .I understand AMP are free to cash in their shares from April 2016 (so roundabout now). Good luck guys and thanks for the heads up on Gold...
Re: Am going Long here now Thanks Pen ! Lets see if a trend kicks off ! I screen and stalk these types of charts ! I have another getting ready on Taylor Wimpy !No idea yet if Long or short though . AS the pattern is emerging and breakout could go either way ! I have more stuff ! Gold is one to watch as that is also about to break out either way so many small caps will be affected , scanned many today so I have a vague idea of levels to trade if they occurred Good night for now
Re: Am going Long here now Hi OneWell spotted!Here's some confirmation for you[link]
Re: Heads up - note I'd appreciate seeing the chart, I hold AMP and they have a few shares in MTFB.....
Heads up - note Getting to like the chart and have actually followed Motif for a while 100sma today was taken ( was at 42,9 2 days ago ) I took the break out of the 45-47 area I went long at 47.5 . This follows my system which gives me the signals and things to look out for in advance . So am following a rule . I wanted a stop at somewhere around 38-40 . its now at 40p . its a hard stop so if I lose I lose .Fundamental targets are impressive but for now I will trade the chart and I don't set a target as that is not what my strategy does. ( I trend follow so am looking to let the run go ) I did a similar note on Zoopla a while back ... look where that went , same recently on PMO and have a been a big Ryanair long for ages . DYOR I may post the chart if someone is interested . ATB and good luck
Am going Long here now 47.5 entry with 1 unit . SL at 40p