RE: Takeover on the cards29 Apr 2020 00:04
it won't do 100% again - that i am certain of.
What i do think is it will gap up to 12p on open...based on:
- the trading pattern between 4.00pm-4.30pm with stop start auctions
- volume in the last hour
- size of trades
For anyone who was in Eddie Stobart (ESL) when it rose from 5p to 15p in Feb, on Day 1 it closed on a shake around 11.2p after hitting 12p with 10mins to go.
The next morning it opened in a frenzy at 15p and went to around 18p before profit takers came in.
I predict a similar scenario at the opening bell tomorrow - 12p open then let's see how it moves...