Empire Metals - EEE

Decent rally and rebound taking place at Empire!

Hi Ademcg,
Yes, i think i agree you. This drop was not in the script at all!
I too think the news is out today and now its a case of stay the course or get out.
I have a small buy today at 6.60p and think the bottom is close maybe and maybe around here or just below 6p.

I may add one more lot if we see sub 6p. Otherwise i will only buy now on momentum change....and on the way back up.

Will try and take a look a look at the chart during this long weekend all being well.
Hope your back working again soon Ademcg. Sometimes these things can work for the better!

Enjoy the time out all...and have fab Easter break.
atb,
trendfriend

Well, quite the time we are having here.

This morning I added, what I feel may be the lowest / final traunch of shares here, at 6.78p and my average is under 9p so I am now comfortable that I have the right amount of shares at a price I am happy with.

From a technical perspective (apologies, no images as I have no online hosting - can anyone recommend? ) but the price action today, using the daily chart, If you draw the fib from:
Low point for Fib 1.625p (29th Jun 2023)
High point for Fib 13.4p (09th Jan 2024)

Today we hit the 200 day SMA moving average and also critically, we had confluence with the 61.8% Fib retracement (6.53p) from those two points above.

I now expect it to move upwards in anticipation of RC drilling news.


We may see some hovering around this point, but I think we have had our retrace.

Which I hope is true as I lost my job early March and I am just starting to live on my previously amassed emergency fund, whilst I await the liquidator reference number to begin my claim for Statutory redundancy. !

Onwards and upwards.

I hope all are keeping well and looking forward to a nice Easter break

Hey TF, no apology needed, life has a habit of pressing the fast forward button.

I have been adding here on weakness, bought some more at 7.5p and have some powder dry if it dips lower (6.6p or thereabouts for a max bottom?) will look forward to your thoughts and chart update.

Ade

Hi AdeMcg,

Thanks for the updates and apologies for the late reply and not checking he chart list you posted!
been mad busy....and trading actively doesn't help get those charts out!

Anyway...EEE is in down trend...how much lower will it go??
Will take a look a chart in the next couple days! see how what hat shows.
This should turn the corner and head north...once momentum changes it should rally strongly.
Maybe a big holder reducing??
I'm also looking to add more here...question is the bottom of the wave down??

Lets see...
atb, wdik, dyor,
trendfriend

Hey TF, I hope your well.
Another positive RNS here this morning, I have been buying on dips and weaknesses, with my last tranche was yesterday at 8.5p

A new summary presentation also released:

www.empiremetals.co.uk/investors/reports-presentations/