RE: Entertaining13 May 2022 18:35
@Boyo another solid closing daily candle stick there just off the top of the high with an auction close at 8.10, showing just a small amount of selling pressure, some lovely intra day swings to which you could easily make 20p on just the MACD.
My opinion is this drop has been war driven, its no coincidence the wider market started this down trend at the same time, any sign of a cease fire let alone the war being over for good i think the markets are going to recover fast. My view is its better to be in than out when it does, 75% has already been wiped off this share price, yesterday it was below what it was before covid started so i really do not see much downside from yesterdays bottom.
There are some signs this war maybe near end game, azovstal prisoner swap and Erdogan getting both sides back at the negotiaton table, at some point Putin is going to have to be happy with what hes already got and Zalensky is just going to have to concede some ground.
Have a good weekend all.