RE: Hmm12 Jan 2021 18:17
I think am with eastock here, i know charts don't always work, but I think it did try breaking out today and it seems like tomorrow's the day where it could go above 39p, also we may get something on the 14th. In todays press conference, government held back imposing tougher restrictions so from what I gather, the restrictions arnt as tough as march, the business has been resilient during the toughest times but after the first lock down, everything has stayed open and business has encouraged home working. Although ess wasn't sold above 500 m, cash is needed the most now than later, the navy contract is one massive contract which capita bidded for, sp didn't respond from inital announcement but signing of the contract for me is a done deal yet the market failed to respond. Contracts needs resources, business bidee for the Huge contract knowing it can fulfill the terms so it seems cash position is good so imho this pull back was healthy and looks to me like its gonna break out. I may be wrong but let see what happens