RE: Shocking!16 Jun 2023 17:08
Huge volume of more than 20m, a tiny rise in the share price, means more sellers today. It's not down to market makers, funds nor shorters.
Funds use computerised trending systems for their longs and shorts in shares, commodities, forex, interest rates, etc.etc. in all global markets.
The reason Boohoo is trending down is because their fundamentals aren't good.
I know some on here think they are good.
However, the trend tells you that investors and institutional investors don't agree.
These people see the latest fundamentals for Boohoo as poor, hence no buying and more selling.
Try to learn a little bit about how stock markets work.