RE: Today's drop5 May 2021 22:27
It is yes, technically. Needed that cool off period today.
However, you have either 2, or maybe 3, II's buying huge chunks of stock every day, todays 15 and 1 hour charts during the last 60 minutes of trading were bullish.
Given a large TR1 (or number of ) is (are) due, plus the vote news is just days away, I guess in these unique situations it is sometimes riskier to trade the RSI and TA setup (rarely though!) to gain a 10-20% advantage to buy back in lower, than to hold.
We could see 19/20p tomorrow, but if it flies off first thing it could go back above the 80 RSI line - the common sense question which anyone watching this will ask is why are II's ploughing in on a binary vote? We are talking £millions at risk.
Don't forget, there's a gap in the 30's that could well be filled on this run, perhaps before the vote.
One worth watching whether you're in or out to gain valuable experience for future investing/trading.