RE: Yet another positive article...8 Nov 2023 11:14
I know you've posted that as a positive article but it reads of Motley Fool.
"However, I feel that the stock is becoming quite overvalued as its market cap has jumped to over 18.9 billion pounds. "
We all know, or we should do by now, that RR is a 70bln MCap company, especially by the time we get to Feb 2025.
"Therefore, my rating for the stock is hold for now."
Hold? Hold? What are you talking about?
"A move above the important resistance point at 233.1p will point to more upside. If this happens, the next important point to watch will be at 28.3p, the 61.8% retracement point. This price is about 28% above the current level."
So we're 2p away from this potentially 28% and you want to........ hold?
Who pays these 'journalists'?