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When momentum traders get targets in their forecasts, they act like a magnet to get there.
Nothing goes up in a straight line two steps forward one back. But looks like next target is 650p for traders, short term.
I like what the Chartist says 800p and 1200p act like a magnet for traders.
https://www.ii.co.uk/analysis-commentary/chart-week-are-micro-focus-shares-back-dead-ii514331
Targets 800p then 1200p have I read that right.
https://www.ii.co.uk/analysis-commentary/chart-week-are-micro-focus-shares-back-dead-ii514331
A lot of investors have sold, saying I buy them back at 350p. Unlucky guys you tried to be to to clever.
I reckon new trading range next week 450p to 475p.
It’s a shame keep taking small profits you miss out on the big one.
Momentum traders will push this through 500p.
Sentiment has changed.
Seems strange, no rns, normal volume, no bear capitulation. No share tip,
That’s why it smell of a bid. But Greg Locke bought 1.5m pounds worth around 783p in February this year.
Surely he would not sell out cheaply. Micro are a sitting duck.
Perhaps one of these new US investment vehicles SPACS.
Must be bid rumours, they are a sitting duck.
I think your right, looks like a rerating going on. Once we break 400p and close above that level, I don’t think your see them back below 400p onwards and upwards.
Couple of companies reported in US today, one cloud one cyber security, both great numbers. Salesforce taking over Slack, perhaps cloud, cyber security etc the place to be. I think the Americans may be looking at Micro thinking good value. The Micro Focus article in US yesterday afternoon, probably lite the blue touch paper for lift off.
What I look at and I think is a good indicator for me is price to sales. 3 billion revenue market cap 1.25 billion.
Micro had a great night in US the Americans buying the adrs. U.K. investors more conservative of tech stocks. But the yanks love tech stocks. They will be the ones buying the adrs that drag the sterling price through 400p level. That’s my opinion.
Well up in the US tonight, even after hours going ahead. Americans appreciate software companies more than European investors it seems to me.
415p I see before Xmas, when the Santa rally starts.
Of course finals February, I think they will pay a small dividend, income funds, income investors and also some funds can’t invest in a company who does not pay a dividend. Micro been shunned by these investors. Would be nice to get them back and push the shareprice onto 500p. Which I’m convinced we will see. Even then good value.
Looking good for Micro adrs in the US at the moment.
Lol your so successful you can’t even afford the premium thread on the other board, try it, come on join the us big boys. Without L2 for traders, it’s like driving at night with no headlights on. You may even managed to sell stock at a profit.
Of course you do, lol
Clemoc welcome back in the shares, shame you sold your first lot below 300p.
It’s quite, no volume, let’s see what the yanks do at 2.30pm with Micro.