RE: Dividend11 Nov 2019 18:08
As predicted, this has smashed through the 375p support-line. Now ready to test the 350p level. Any close below that level will signal the next push into the 2s.
With the ongoing steel downcycle, iron-ore downcycle, international trade wars, Brexit chaos, GBP yo-yoing all over the place, unpredictable Russia, upcoming global recession, recent weak company results, massive extra capex spending by management, no dividend for months, and a shareprice that has already collapsed -50% in just a few weeks, there are so many red lights flashing here.
The charts are now pointing to 50-100p as the bottom. The bear-trend is very strong here.