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Yes i am in here , and picking up at the lower end of the range , got a long term hold out look , a large interest is clearly building a position , might take months to move this up out of the current range or might be tomorrow , will top up big time on a low volume , spike down to 44p or lower.
GLA
Well thats a thing i put a buy order on for 100k worth this morning at 1100ish at 82p, just above the p and f projection , i wonder if the broker has set up a covering trade and done it wrong .
My order was not filled ,
GLA
What a result , had a top value pencilled in here at 670-710. The 50p gap is a strange one RNS clearly shows the government have agreed .
Agree there are many companies lining up to be taken over , shame these brilliant British companies are being sold .
Well done to those that can see the setups and have the patience .
Prefer to see a retest 512 area and a period of consolidation , before a retest and move higher .
I have noted a massive demand tail on the monthly chart for July linked to the drop off in monthly volume since the accumulation sub 300p.
Also noted that the point and figure weekly chart with standard 3 point reversal gives a 670-690 price, which was the recent high set in FEB 2020 .
All this suggests a takeover at 550p would be giving it away .
GLA
See the recent price action as a trigger, testing the weak hands and mopping up any supply before a move higher.
Point and figure weekly charting , (3 box reversal) , suggests a price 5200-5400 is coming .
Will take a few months and a retest of supply to get there .
See how it pans out .
GLA
Zarro, have a look at amazon share price , near perfect example of price being held in a range for over a year , someone is either selling or buying in that range , once the campaign is finished it will move very quickly either up or down .