RE: I don't think this is a coincidence....19 Mar 2024 12:32
Well done! However, claiming that you have special knowledge, always spot on and everyone else is a fool is a bit naive. I can explain where the 39p sell idea comes from without magic or "special knowledge". If you look at the chart, the SP was rejected from 39,80 in September 2023 (on the previous approach). Also, prior to that when 40p support was broken late in 22, we then re-tested 39p from below in January 23. Historically, 40p has seen increased volumes and acted as support in September 21 and in July 22. Moreover, 39p was in play during corona in June 2020 as a major resistance to the initial recovery move. As you can see, calling 39p sell when the stock is overbought with RSI peaking on large time frames is not more special than calling the green zero, if you know how casinos make their money.