RE: close price27 Nov 2020 15:07
Look at the chart, accumulation started at 8:00 this attracted uninformed day traders. Most of them try to resist selling till 2:00 where they start feeling the risk to stay late. Most of them use the bank credit to maximise profit,p but it may cause them harm if the price go lower than expected and start eating the bank money. I used to do this with Halifax as credit was ten times my deposit. The problem with this is you have to sell before bell. They usually start at 9:00 if they don't have the news, In our case on Monday they will be here at open with or without news. Syme has already attracted more crowd.