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Imagine you go to the shop. There are 4 loafs of bread for £1, 2 were bought, but now it's becoming demanding. We received online orders(buy orders), so now why would the shopkeeper sell for £1 when he can sell for £1.5 because of the demand and lack of left over stock. Exactly how markets work, demand for the stock, how much stock is on the market or dictate price. So if we have huge buys and price not moving, it's because investors are also buying stocks that are in market.
Hi Moksha
Sorry about Tui. My advice take profit, learn basic charting Support and Resistance, loads of videos on YouTube. AA is fundamentally good investment and cheap at this rate, but anything can happen.
What rut. I see a good brand at a cheap rate, it's a buy from me.
Icartz
I have invested in a lot of stocks that made staff redundant.
For instance Rolls-Royce are letting go of 8000 staff members, next day a price rise of 8%.
Aston Martin, 2000 staff members. -2%. But couple of days later shot up to 25% in a few days.
Cost cutting is important, but what is good that CPI is only letting go of 200 staff members which is not bad.
Velo
I do love how you go indepth about the charts, even when they seem bearish. Tell me if I'm wrong. If you look at 1 day time frame we hit a "Inverse head and should"(bull signal) and this last candlestick is actually breakout to next resistance 133p?
And people question that BT is overvalued.
Investors need to realise you have the biggest organisations in the country all the internet, telephones is BT. price was down because
* Covid
* Partnership scare because of merger between Virgin and O2(you got to laugh they will never come close to BT)
* and not paying dividends for 2020. Well most companies you'll find aren't paying dividends.
This is the cheapest price you will find for BT before normality starts.
Do they really dont charge any fees? Also can you trade US stocks? I use IG they are good, but £3 a trade, which to be fair isn't expensive. But I heard about Tradinging 212, and they dont charge, so how do they make their money?
Looking at the charts we expected a retrace today or tomorrow. As mentionedbefore we have hit "Inverse heads and shoulders". So we should a retrace with a few consoldation days, then as soon we hit 68.8 again that will be a buy signal for the breakout. Remember we are on a upward trend.