RE: What happened at 3pm?30 Apr 2022 12:45
Kev,
I concur!
I still think its down to shorts closing, as all 3 had dropped far enough for shorters to take their profit.
The oil thing hardly impacts AFC. No companies, governments etc are going to make a mad rush to buy (any manufacturers) Fuel Cells and Electrolysers just because Germany agree to block Russian oil. OPEC will fill the shortfall, so no need for any knee jerk reactions.
The rumoured takeover bid posted on CWR BB also does not effect ITM or AFC, in fact it's more likely that short term traders would move from AFC and ITM into CWR for a near term spike, meaning AFC and ITM would drop, but they didn't, so it can't be that either.
The lack of shorters and day traders bashing AFC on Friday says it all really, after another week of intense attacks on AFC the pack of vermin have all gone long now, IMVHO.