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If the buyers capitulate (ie give up and realise the sellers are in charge) then it will move quite quickly while they scramble to get on board before the next support....
"200 breached and no retrace."
I had my flu booster shot today and asked the pharmacist if she thought we'd be having covid and flu vaccines for the next couple of years.
"Next 20 years," she said.
So thats the market.
As in retail its just a price point. 99p,150p,199p and the next point is 250p. All you have to do is wait for the next price point. its on the way.
I agree Alkin, something is definitely afoot.
did my bit earlier ND. I have no money left to top up with. (nothing I am prepared to forgo at this stage.)
Its a bugger, its all about timing.....
Still think we will be at £2.10 by close of tomorrow
If poly are still loading, and I think they are, eventually 200 will be breached and it won’t retrace.
sellers are struggling to land the knockout 200p blow.
the buyers keep getting up at the count of 8.
Now its all about stamina....
Thanks Woodstock, its a mystery why i keep going back there!! (its my fault entirely, so i have only myself to blame and nobody else!)
Off topic. Wyndrum, Ndn71. I see your opinions are canon foder on Activa. I wouldn't waste your intelligence on that forum.
Regards.
Wyndrum chap. I am trying to take rest and then I see you mentioning spread.
My sentiment exactly. Spread always acts as a tool to guage where the stock is likely to move.
Regards
very tight spread now which means sellers are running out so the sale price is up to about 198.2 as buyers still want in, but won't pay above 198.6
Defo who will blink first now.
Sellers... This is it. Hold fast, the buyers are about to capitulate with their unreasonable demands.....
Either way, the share price should go vertical once phase 3 results come out
seriously, this can't go on forever:
If the buyers would just stop trying to force the SP down and the seller's' could have a scintilla of a backbone we would all be laughing by now.
At some stage one or the other will win out:
Currently buyers won't pay more than 200p. The sellers cravenly give in and sell. But these new owners of stock won't be selling yet as they have only just got in. So if sellers still want to sell and we run out of buyers at 200p, then the stock will fall to a lower level to tempt in a new cohort of buyers.
Conversely of course if all the 200p sellers have finished then new buyers will have to pay over 200p to tempt a new bunch of sellers at a higher price (249p)
This why it is intriguing and dare iI say it, exciting, when you get to these key support/resistance levels.
Who will win, who will come out on top!!
Wyndrum chap. I saw that you are posting and have taken liberty by saying you were completely right about the sp going over £1.75.
All the best.
Ding Ding!! round 6... come out fighting , no biting, scratching or blows below the belt.......
oh well, tomorrows another day...
Still reckon over £2.10 by end of the week
Historically we have gone into weekends thinking the worse, now we go in with high expectations and those people wanted some skin in the game will buy shares on Friday just in case.
for us sad sacks who like TA, this is about as exciting as it gets (And I'm not kidding!!) :0))
Hi wyndrum - yes indeedy, fingers crossed !
atb
its very close to popping Rich... patience and all that......
It really would be good to close above 2 pounds today. C’mon SNG you can do it :)