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Don't think I'd call myself a chartist but do occasionally draw lines on charts. https://www.tradingview.com/x/WfVRPo7g/
Looks like we've broken south of the upward trend that been in place since covid, that happened around the star of July.
THink any drop will slow (or hopefully reverse) in the 140-160 range.
137ish does look to be potential support with 115 being the next one.
I'm in for half my portfolio at 268 though so what do I know?!
Where do any chartists see the bottom? I think 137p, be interested in other views... GLA
Covid cases also starting to rise, keep your powder dry until next year now in my opinion.
Best of keeping in cash... GLA
He's probably selling to buy back the volume cheaper later..
That's for sure haha
It's stuck in a very tight range today when everything else is bouncing.
Could be a background seller/buyer ?
I still think this is oversold but it is playing to market sentiment atm which is negative on most things travel/oil related - it is way below fair value on fundemantal's but is at the mercy of shorters and sentiment so nothing will change until the results in a couple of weeks time - I am still adding as it falls and expecting the results to be good in light of extra bookings, people still need to travel and NEX will be a beneficiary of this as it is the cheapest way to travel
gla dyor etc
And 65% of the fuel hedge ends march 2023. This will have a big negative effect as new fuel for a forward period will be significantly higher.. Sorry!
Was thinking along the same lines - not hoping for a quick rebound but worth an extra top up at this price.
I'd say it's certainly worth buying, but im adding small amounts at every 10p drop.
Im also buying for a 2-3 year hold.
I doubt if this will be over 200p for at least 6-12 months. I can almost guarantee the next update will be more cautious... GLA
There's thousands of stocks a far better investment than this dropping through the floor. Fundermentals are out of the window.
The huge drops are because investors are selling their stock market investments and holding cash.. Gold investors are buying the US Dollar. GLA
Jtan, turn your laptop off Pal, stocks are only going one way for probably the next 12 months...
The true impact of the global mess won't be clear until next year..
Even gold is selling off, that's never been seen before in a high inflation environment. GLA
Hopefully we see a recovery soon, I thought 250p was cheap . Gl