As it was first thing & mid-price between yesterday's bid/ask close (21/22), then impossible to say for sure, but subsequent fall might suggest a sell is more likely?
Insufficient (relevant) data to meaningfully chart at this stage, but imminent breakout could potentially kill crucial growth trend in which case 0.315p looks decidedly possible sometime between Thurs 22nd and Tues 27th (would expect strong support at that level)...
Everyone seems convinced this will fly tomorrow cuz they flogged a hanger but I read the RNS as decidedly negative (distressed sale of key assets) as have the Telegraph... getting massively ramped on the board but perhaps the alarm bells are being drowned out in the crazed din... a buy out by the likes of Stobart seems to be taken for granted but if I was a company eyeing up the assets I'd likely wait patiently for them to go under & then cherry pick what I wanted for peanuts from the receivers rather than pay top dollar... Who knows, but there surely has to be a very real risk of suspension/liquidation the way it's playing out?
Thanks for charts riptonk - always good to compare notes, especially if we see things differently!
I'm used to abuse - the real reason I haven't posted a chart is because the break in trend is too recent to provide sufficient data for reliably plotting the new trends imho; however a broken growth trend *always* spells trouble in my experience. Here's a rough guestimation of how it might play out...