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If you look at a 10 year chart . The price has been descending down a declining wedge. We are now at the top of the wedge . If it breaks through well I think we are going into a rising wedge .
Ps I’m no Chartist and I am looking at apple stocks lol .
But I am watching this carefully as I bought around 70 so I want my profit. If it breaks through I’m buying more
Sold the lot again yesterday just before close, as I'm expecting it to take another breather and retrace but wtfdik! Holding shares long term has so far always cost me very dear, so I'm learning to bank modest but reasonable profits when I can.
Of course, having sold, this will doubtless storm ahead again today - GLA!
SP chart looking quite encouraging at the moment. Hopefully good news will support this momentum. I wonder what people who are shorting ITV are thinking, possibly feeling very nervous. But they may have made their money already.
I would not be selling anything out of this market at the moment there is to much hapening .
Let me know why I am not suppressed.
Next technical stop should be in 88-95 area., but you're never know is it worth to try take a chance....
Not so happy to reinvest my divi over £0.85 but it's still make a sense if I look at my predictions. They are still same: £1.2-1.5 end of this year, £2-3 end of 2025., but will be not suppressed to see £2 this year.
With the market at an all time high and to possibly go a little higher with ITV going maybe to 82p , I am just sitting tight now and not buying any more until the market drops.
We all know to keep pushing/buying higher and higher you get caught out when the drop comes.
Better to take any profits and to keep money / powder dry ready to buy more later.
If we look at the long-term chart of the ITV share price, the minimum growth range should reach at least the previous maximum of around £2.6. Assuming a rapid rebound potential, the level of £1.6 should be reached relatively quickly. All this technical growth coincides with my forecasts of an increase in generated revenues and profits, a decline in inflation combined with an increase in consumer spending, the size of the dividend, a return to the FTSE100 index and many others that I mentioned earlier (as well as the upward trend created on the charts). This creates a very good atmosphere for the share price to increase. Possible disruptions on the external market, independent of the company, may only slightly slow down this process.
And one thing is worth emphasizing. We owe this to the current management of the company. Many people do not know or do not want to remember the financial condition of the current CEO when she joined the company. Where ITV was on a fast track to collapse and liquidation. Having an outdated financial structure, falling revenues and market shares, huge debt and a similarly huge deficit in the Pension Fund. The changes required painful cuts and the support of the largest shareholders. They have been conducted and they pass the exam. Therefore, you would have to be a real idiot not to understand the current position of the CEO in the company and the fact that it is the guarantor of the increase in the value of this business, and therefore the dividend paid to shareholders and the stable increase in the value of shares. And when the market notices this, the value of ITV shares will reach a valuation level adequate to both the value of its assets and future profits.
Hi Pogo, all that sounds great news but in reality it means diddly squat in the next few months.
I am sure if nothing else puts ITV off it's tracks then yes it could hit the highs but maybe in 2 years. No one knows.
The stock market anticipates the future.
You are wrong if you assume that FTSE100 index funds will start buying shares after the decision to return ITV to the index is announced and not anticipating such a situation in advance. If we look back, ITV's move from the FTSE 100 to the FTSE 250 generated at least a 15-20% drop in the share price.
We have currently a similar growth situation on the full share market of companies that will benefit from a drop in interest rates, those that pay regular dividends and those whose revenues are directly proportional to the economic growth generated by the UK economy. Please look at the behavior of shares price of companies in several sensitive sectors, as well as companies that meet the criteria of financial growth and are just not trying to survive on the market.