RE: bullish analysis5 Sep 2022 14:09
It reads good patience.
Cineworld Share Price Analysis
Despite the recent recovery and share price surge of over 200 per cent in the past two weeks, Cineworld is still in debt of $4.8 billion, and with its market capitalization dropping to $54 million, it is likely that the company will not be able to service these debts in the short-term.
However, in the meantime, I expect the current aggressive push to the upside to continue. There is a high likelihood that we may see Cineworld share price trading above the 10p price level in the next few trading session. Part of the reason for my positive outlook is that despite the company continuing to struggle in the markets, moviegoers are still interested in watching movies on the big screen.