RE: Funny ah6 Jun 2025 09:01
Kpa1 I agree with your assessment. Given yesterday's volume scale, after an almost 28% one-day drop in share price, with an average turnover price below 1250 pence - a total, but predictable and deserved tragedy. Given the clear closing of long positions by large investors yesterday, as I have already said, one should expect the downward trend to deepen even to levels of 900-1000 pence. Today's drop under yesterday's lows shares price is still small but visible, and in my opinion the whole day should end with a breakout of the annual lows and a turnover volume of at least 1/4 of yesterday's, i.e. in the range of 1.5 to 2 million shares (with an average price below 1180). Such a scenario would make it likely that the Wizzair share price will fall below 1,000 and possibly consolidate in the long term in the 900-1,100 range. Of course, one can only believe in a miracle... As far as I'm concerned, one thing is certain. After such falls, we will experience a long-term consolidation phase, with a medium-term downward trend. In this case, we can only feel sorry for the holders of shares bought at an average of over 1,500 pence.
9am: Days range 1176/1239, last price 1177