Spot on yet again/be it a few pence away now29 Dec 2022 11:57
Write up a month or so ago via Invezz
Well worth following these guys imv as called the 50p and 150p resistance plus plenty more as this broke down.
The daily chart shows that the BOO stock price has been in a strong bearish trend in the past few months. As it dropped, it moved below all moving averages and the descending trendline shown in green. The Relative Strength Index (RSI) has moved below 50.
Therefore, in the short term, the shares will likely continue falling as sellers target the support at 30p. In the long term, however, the stock will likely rebound and retest the resistance at 56.58p. .