RE: Bouncebackability27 Oct 2020 11:14
How I see it as of right now:
- technicals look good
- newsflow in play (wowsa)
- Material RNS due in ever shortening timeframe
- Bounced off recent lows
- Covid 2nd wave in play
- II Seller BGF appears gone / paused selling
So indeed, can see no reason why not, plus a bit more this week.
BUT - we’ve been here before, without material news expect we will climb and deflate again over next few weeks.
But one time, and this is where the hindsight traders will get caught out, it will stick and crack on via material re-rate when that material news lands - unquestionably.
PP