RE: Well27 Aug 2024 10:40
Yes, well, that bit of news according to the market was worth a loss of another 0.1p from the sp!!
I believe that because it will take a year or two to make excellent earnings in the meantime the sp will obey chartist rules, well at least I hope so.
We hit lows at mid Nov23, Mid Feb 24, end Feb 24, 6 Aug, and now 27 Aug.
On a log-log chart all those points are on a pretty dead straight line indicatingthat after today the traders will be getting in - hopefully. If the sp stays in the projected channel the next high could be 11p, worth waiting for that.