If the US sells off later which futures indicate it will, we could be in some more trouble here. Especially when the Brexit party do well in the European Elections.
I think the US is preparing another $300bn of tarrifs but Trump also said he will meet Xi at some conference at the end of the month, so providing they dont add more tarrifs before then I think it could move up a little bit.
Based on no news flow. This stock seems to have been a target since Jefferies released a sell recommendation on the stock, stating dividend was at risk and paying back debt will take longer then expected.
Investors think they might cut their dividend as they have high debt and haven't managed to sell any of their assets, which should allow them to sustain their dividend
I guess they keep selling until a long only pension fund decides its too cheap and piles in, then the shorters can't push it down anymore and close out.