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Nope back down we go again. What a horrendous market this is.
Time for another go today?
The market is horrible, constant sideways churn, nothing is moving at the moment except NASDAQ mega cap
Struggling to break and hold 120p at the moment
On largest volume since 12/4 which was also a large down day. 16 million traded that day, 5.4 million today
And yet constant selling?
How can you come back here TT when you were the biggest ramper of the share ever and when anyone said anything different you accused them of being a troll. You've got some nerve.
They may well not raise, the way the regional banks are, I think gold is sniffing this out
Well something seems to be pushing gold higher. Resitance at $2020-2025, let's see what happens.
You say banks not in trouble but KRE (Regional banking ETF) is down 6.60% as I type. There was sugeestions that if this is looking like a crisis then FED may not hike tomorrow and everything will go up. Gold is back above $2000, I wonder if it is sniffing this out?
other countries where central banks can intervene directly to sustain busenes with cash and policies, will do much better....
But isn't this exactly what the FED and other democratic banks do with QE?
This is an interesting take on it all & worth a read:
https://www.spectramarkets.com/amfx/rabbit-hole-7/
All those attempts to break 11.75-12p then 12.575-13p, then bang, we've fallen straight back below those in 3 days. When is this so called mega bull run in gold and miners ever going to happen? And how long have we been hearing about it?
Not sure, but think you’re roughly where you are if you hadn’t sold but receive the dividend in May
..... only sellers seem to be overwhelming buyers on level 2
I agree with Razor here - to a certain extent. Results will take a few days for analysts to digest, and they look good, but will they be enough for institutions (who are what move the share price) to start buying when the base rate looks like it's going to 5%? We all know it's half the rate of inflation, but it's effectively risk free so why chance CEY (or any other shares for that matter) at the moment?
I thought it was quite strong. Found support at the previous resistance of 12.75 which it had struggled to break.
But it keeps getting sold into. The bid cannot seem to get beyond 12.50 before it's sold back down
111p
Stack of sells gone through. 12.75p proving a tough nut to crack. Let's see the buyers come back in please