Chart21 Apr 2018 12:35
ain't pretty, but it does show up a few things..
https://i.imgur.com/Xnl2gZ3.png
RSi is at 25.18 telling everyone it's oversold,
Support at 8.5p failed, but 8p is there to hold?
and if not, the rising 200MA is there to assist, an nice bounce off either would be welcome!
If you look back to May '17, the last time we went oversold, the SP was already below the 200MA,
and some way off the next support at 7.15p, it failed to halt the decline, but at the time a rather large deal was going through, or at least about to happen (RNS Number : 3642I) see the two large volume spikes Jun and Aug. It recovered quickly after the second one, deal complete and out in the open.
This one is slightly different though, I think, rather than a large share swap (+50m) this is an order filled on the open market, isn't it? (views on that please, I'm guessing), and so the deal is now complete, and out in the open. So a recovery like Aug last year only from a higher level, big bounce of the 8p support, or rising 200m (7.83p) and straight through 8.5p and a weaker 9.12p and relax..........:)
All the best (can you tell I'm bored?)