RE: Back in the casino?7 Oct 2023 11:54
@Stup - this is no ramp i just want show you what mean on the chart, i watch the stock from the off everyday i have live instant chart set with one window at 1 second intervals, IDS has been in strong uptrend since May with only good new to come (see daily chart on RHS), new CEO, coming out of industrial action from last year the books have to be massively improved, GLS which is part of the IDS group 500 million profit nailed on for this end of this year. Now no bad news anywhere, no one could find any news, other than the usual grumblings of the RMG employee's. I run a business in parcels and this year has been great so far and imo and sense of normality has resumes so not expecting any nasty surprises.
Chart on the right is daily chart showing uptrend since resolution of industrial action.
Nasty gap up there at 241p indicated by the purple box.
Share price continues on bullish following the trend.
Hit stalling block at 278p and a bit of sell off.
No news around, just waiting on good news.
3 Broker upgrades all above £3 in last month, highest being goldman saches at 341p
Now you might expext an aggressive sell down to the 254 area with a dip under it to hoover up some stop losses.
No it goes the whole hog and fills that gap at 241p closing at 241p
It opens the next day 251p (ignore the candle colour i was here watching on my live chart, dipping to 249p only then carried on up.
all those stops that got hit under 249p down to 241 then got locked out next morning on open at far higher price to buy back. cheapest they could get in at was 249.
Gap gets filled, retail investor taken out of the game price moves on.
Now if that is not white collar corruption i do not know what is... thankfully i dont use stops, i just sit at PC, its pain but best way imo.
https://ibb.co/wKBPG1V