RE: Somebody has dumped a lot of shares22 Feb 2021 14:10
Yes lots of 10k, 15k, 20k, 30k + blocks within minutes earlier signifies an orchestrated dump. Agree a TR1 may come to confirm in the next day or two.
Gutted cos I bought a lump earlier this month at 16 thinking it was a good place (sub-placing) to top up. Hey-ho!
Watching POG (and GDX), these are still in a downward channel (since 08/Jan) and a sustained breakout over 1825 (and 36) is required to buck that trend. Alternatively if current support @1780 fails to hold I see the possibility of heading for 1550 by late summer for a long-term 50% retraction support line, which could be good timing for a large bounce in XAU and may be in-line with exhaustion of money flowing to crypto-nonsense and other bubbles. All chart readings are obviously completely subjective and open to interpretation. This is just my reading.
Nevertheless SHG is on strong footing and regardless of POG I'm hoping the next RNS will deliver at least news on a dividend which will spur the share price into positive action!