ITV forum24 Jun 2024 15:39
82.45
I expected 81.50-81.80 today and that is a nice surprise for today. But like I said before... we should get a level 88-92 maybe 95 very fast. A qestion is The question is for how long we will stay in this zone, but looking at the fresh money involved in the current bull market on the ITV shares and the very low supply of all-day-selling shares, I believe, as I have already written, that we will soon see a test of the £1-1.2 levels (and this is very possible before the nearest results, on their wave or as a dividend announcement same time). If so, we should expect even stronger demand and buying shares for ITV's entry into the FTSE100 index. At the same time, volatility will probably increase, although until I see daily increases exceeding 7-8% and, above all, exceeding the £1 limit, I do not expect a major price correction. Any pullback here will be an opportunity to buy, although in reality, waiting with purchases for a correction in the current situation I consider stupidity. In addition, selling for a correction in a strong bull market usually ends with staying without shares and chasing their price. It is worth remembering this, which does not mean that the risk cannot pay off. As usual, this is just my humble opinion. As I have been saying since the beginning of the year, we will welcome the end of this year with the ITV share price in the range of £1.2-£1.5, and the end of 2025 with a price of £2-£3 and a takeover offer or a typical merger. Any higher price level shouldn't be a big surprise too. All the best fir the real ITV investors. Patience is our strength.