Consolidation....17 Mar 2021 07:55
is good and necessary - I pay attention to the huge BUYS after hours that are reported and the lack of a huge value sell off in one go - selling is by retail punters either trading or cashing out LTH's who have shown a loss for a long time but BUYS at these type of levels are institutions in my mind and are to be followed which I am doing - volume decrease is really inconsequential here - there should be more action again as we approach news.
I am holding for the bigger rerate if all goes to plan - with oil price now at almost $70 a barrel over the next few weeks this will again get very interesting and institutional investors like this type of play....