RE: Breakout16 Jun 2023 09:04
On 25/5 we had a down-grade note (worth little more than a used toilet roll) from BoA , SP hit 252p, dropped >10% on that day on tiny volume since then, relentless rise. Just show how much this stock can be played with, not to mention previous MW tactics sending us sub 200p, shorts must be concerned now if not already closed/closing as we are back to Dec 2022 prices.
Strong break from the down-trend although showing over-bought yet to come close to stats of last summer. Looking for news behind this rise ( Odey maybe !), or better still all those pesky shorter's exiting for good.
Target for me at some point later this year (could be surprisingly sooner) would be circa ~ 585p, then see where we go from there.
aimo & dyor