RE: Chartists….31 Jan 2022 15:00
This looks like a bit of everything in the mix to me.
A bit of anticipation, a bit of FOMO, some decent comments here and there, and some `buy now` observations on the chart.
The upturn from the recent retrace is now in play, shown here on the 2 hour chart.
https://www.tradingview.com/x/LmQW8k4a/
I drew the yellow rising channel lines in over the weekend because it seemed like a `target next move`.
Looks promising, and shows momentum could be back on the upside, after all, shares don`t go up in a straight line, they also don`t go down in a straight line, so a change in direction was always what traders were looking for, albeit under light volume so far today, but a good sign on a Monday!
It was way oversold by last week so maybe some excitement returning.
JD does tend to throw in new news whenever Preliminary Results are due, so maybe some are thinking about that as well.
Onwards and upwards!