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I've been looking at ROC, volume, & bollinger bands.
Strong signs that 5p is the new lowest low for now
6p/7p looks like the new mid/stable price for now
18p looks likely to be top of next spike if there is one
Never certain of course and will change by end of next week with more information in a volatile time.
"Ps if I’m the only one brave enough to step up and say yes I sold at 8.30p and looking for entry under than who’s the better one I bet there’s loads that sold at a loss and have re bought so anyone who doesn’t like it can jog on"
Well said, we got your back.
OXB are nowhere near overvalued IMO. Still a good £200 mill below current fair value; with growth & a bit luck with successful trials easily looking at a £2bill company.
Especially if UK starts to privatise healthcare and links up with US
hTTps://www.thebalance.com/what-is-a-market-maker-and-how-do-they-make-money-4053753
MM's are what allow us to buy and sell without a delay!
They make lots of money without needing to manipulating markets due to the spread.
@Gell
Markets are supply and demand.
I think the movement has occured because there was a large buy for 2 days and not much stock available.
So lots of buying pushes the price up a lot.
Then the buyer/buyers has finished their buy (or temporarily stopped) and people who were invested between 1p & 4p start to sell to realise some of the paper profits they are looking at.
So the phase we are going through now is sellers realising profits, hence the drop.
If more buying it will rise again.
If not then will probably continue to drift down & stabalise for another year or 2 .