Full reversal20 Jan 2021 19:07
Here's hoping but charts suggest we should break out of this downward trend tomorrow, well sort of reversed today if you count 28 as the low.
Taken the last 2 weeks of flat sideways trading to learn a bit of chart reading so only IMO
Historic patterns suggest we move (explode) up - 2 major prior episodes
We are now at the end of the downward triangle in this wave, squeezed right into the bottom corner of it!
MACD extremely close to crossing over
Stoch looking good on the daily
Bullish hammer on finish today
All looking great, if history repeats we rise to early 50's before rotation.
Now hoping for beginners luck, SP irrelevant really as in to the end but makes the mood better on this BB.
GLA - although a RNS will hopefully blow the 50p out of the water.
Ideal scenario - reverse to 50p, DFS lands (break repetitive reversal trend at new high) and rise to 60p. FSP lands and £1.25 _ job done