This RNS wasnt expected but I find quite positive because it confirmed that Woodford sold most of his position within the past 36 hours (13.20%>Below5%) so I'd expect the sp to move freely from here.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume..........
Could anyone help me to understand this, knowing what we know about WN and how the market/O&G experts/BBC,etc reacted to the big discovery; Why would anyone expect the company to do placing for anything below 0.17 which was the price tag of last placing .. I thought the company is in a far better position now?
Ivan, you might be surprised but Angus havnt hit the oversold zone yet on the technical chart ( RSI 32%) so unless the company releases some meaningful positive updates I would say don’t to see any recovery in share price.. why would anyone buy angus’s shares and wait till Q1/Q2 2020 for some work on ground when you have MD trying his best to destroy the sp value in every update he releases..... traders can make profit trading active shares of reputable trustworthy companies ... as for private investors, I believe Angus lost them long time ago and no one in his right mind would touch its shares with a barge pole until they ‘deliver’ something for a change!
L2 looks good this morning and I don't see the typical trading pattern involving round numbers sells of 25k and 50k, perhaps the big seller is done here :)
Welcome to Eco ! I guess we are lucky that you’ve chosen our board to share your first deramping post on LSE after 4 months of absence(Last post on LSE - 17 Jul 2019).
Of course you don’t care about what any of us think .. you are someone with agenda who shows up on lse boards to deramp INSP .. this is the only thing you’ve been doing on this site since the beginning of this year ...