RE: Hold21 Oct 2020 12:36
Sound advice. My reading of today's shenanigans is that the SP will slowly climb back to .38-.39p by the end of the day. This means a (notional) red day but let's not forget that .4p was yesterday's UT, and the final trading range yesterday was about where we are now.
The support and appetite for BZT at these levels is simply too strong. Let's not forget that the big rises started after a longish period spent at .18-.195p, so we haven't made 4-5x that level yet, just 1.8x that level. Plenty of legs and, judging by the massive shakes, plenty of powder in MM's pockets. Let the well-deserved and long overdue march towards 1p continue!