£411 Sep 2020 09:52
I like many others have been extremely bullish on this share since I first bought in mid June. £4 has been the price that we all want and expected for so long. But, with the current trading range, and just 12 trading days left after today, I’m starting to lose confidence in that magic number.
Can’t fathom why there hasn’t been a TU RNS this week. It’s quite hard to understand why they haven’t done so. I think £4 is quite unrealistic in 19 days now and £3.50 is a lot more achievable.
With that being said. Obviously momentum will start to gather into the end of next week and into the week beginning the 21st as there will be a lot of fomo about. But a 33% rise from here? Can’t see it. We need to be at £3.40 by next Friday in my opinion to achieve this and I absolutely can not see that happening.
We all know the results will be huge, but on the actual day I can’t see more than a 15% rise on the day. If we stay in this current range that would put us on £3.45 on results day.
Hope I’m proved massively wrong and made to eat my words.
I think there are lots of fears in the markets at the moment because of covid. Cases spiking all over Europe. Once a couple of countries re-introduce national lockdowns I think other countries will follow then the market will plummet again.
This is all my own opinion of course and as stated I hope I’m massively wrong, but I have no confidence in the market whatsoever right now.
Gla, I hope you can all see the signs of a market crash long before it happens, I can and I’ll be out at the first sniff of it. Roll on 30/9