Qube down 0.03 clearly margin trading. Seems to me they know the big gains have gone. I can see shorts covering next week with the US CPI and retail sales out. Any weakness and the markets and prices will rise.
No volume at all. Shorts tried to push it lower this morning but the buyers came back in. I know the shorts have historically done well here but it must be costing them quite a lot now in finance costs etc… IMO
PDS - ref your post last week GSA now 10% underwater and Eleva (37p) getting close to their entry point. Oil price tanking today and rates on hold will they start to unwind and risk a spurt to 40p? Interesting
This is the next key level. I’ve noticed there are a dozen or so 50k buys around this level on the order book. Looks like the buyers are targeting this level.
Not much on the sell side of the order book to stem the upward march…The SP has now burst through the upper line of the Bollinger band on the daily which is hugely bullish