RE: Charts.22 Jul 2023 00:13
Next week I can see stocks loosing some ground. BOO back to 33p. Based on economic news feeds from the US.
BOO needs to show its gaining sales & profits before the move up returns. Q3 update should shine a light on future prospects.
Pipedreamer has put some effort in to his post with his love of charts. In the past, chart performance could be a good sign. Today, especially on AIM, the market rubs up hard against your investments - like a journey on a tube train. You need to position yourself in the most protective direction. Observe the company noises but act when positive action has been taken. I don't believe companies operate for the benefit of shareholders, more the other way round. It is more interesting to see how a stock price currently changes than to observe past trends. If sellers have an infinite supply of shares to sell you will see a continual devaluation of stock prices until market confidence returns which is looking like early 2024 at present.