If you think about it ... every buyer has a seller so the idea that there are more buys than sells posted is pretty meaningless ... a share price can go up when more 'sells' versus 'buys' are posted because (say) a Market Maker or Short position is looking to close and they are short of stock ... equally a share price can go up because there is a large buyer ... unless you know the actual position of market participants and what their strategy actually is ... then it is best to ignore buy versus sell data .. but instead look at volume and local price direction.
Is looking very strong and almost all blue this morning and bullish today. Quiet news day this week, ECB still emphasising easing, Getting close to the month end and the new tax year with incoming money to the markets. For me Lloyds looks a good buy.
This share has strong support at this level now given the big institutional buys. It was cheap at 80p despite all the hassles - which will slowly dwindle away. Yes I did buy some a few days ago - . .but nope this isn't ramping - just what I think. Do I know what will happen? - nope but given everything these conclusions seem reasonable to me. GL
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