Good news must be on the way, someone knows something we dont (as usual) but who cares, looks like the results will be good and 8p could be on the cards soon.
This will hit 15p very soon
lets hope so, we deserve it but pray tel me where do you get your 15p forecast from ? Wishful thinking or chartists ?
I also want to see 15p.
below someone fc 8p from the charts and i have to applaud them as they go it spot on, id like to know what the mystical chartists can see now.
GLA, 2014 our year !
Reach4entertainment Enterprises PLC forms bullish "Double Bottom" chart pattern
Jan 03, 2014
Recognia has detected a "Double Bottom" chart pattern formed on Reach4entertainment Enterprises PLC (R4E:LSE). This bullish signal indicates that the stock price may rise from the close of 7.70 to the range of 12.00 - 13.00. The pattern formed over 396 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend. The Double Bottom pattern forms during a downtrend as the price reaches two distinct lows at roughly the same price level. Volume reflects a weakening of the downward pressure, tending to diminish as the pattern forms, with some pickup at each low, less on the second low. Finally the price breaks upward above the highest high to confirm the bullish signal.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.