RE: Peel30 Aug 2019 16:50
"Chosen1 : Also in my opinion,
It’s not really oversold is it ? It only went up because of the sheikh and rampers,
If you take those out of the equation, there ain’t much left to justify the higher share price,
I can’t see it getting anywhere near the placing price, can you ? If so why ?"
Its oversold because TA chart says so : RSI atm is 17.88% [ The RSI is a technical indicator used in the analysis of financial markets, it oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30]
Personally, I dont think the sp will bounce back up to placing price (16p) without a catalyst from the company.... this is why I have averaged down to break even at the sheikh's selling price -10p which is very achievable imo