BarkingCrazy28 Jan 2019 17:40
BarkingCrazy, quietly watching here. Today we have seen a slow down of the book. It started last Thursday when the buyer completed his buying the day before. The ow volumes for Thursday and Friday pointed to the share price going sideways on normal buying and selling pressure. Friday the share price finished below the 200DMA line, so I am not surprised we have the had a chase down of the share price today.
Today we have a share price that is lacking in direction lower or higher. It is simply the fact that whoever wanted to be in for the next RNS is already in, and whoever wanted to be out is out now. The volume is created by a few adding more stock and some selling. The share price and shareholders are all now waiting for the next piece of news, which is hopefully landing tomorrow morning or worst Wednesday morning.
The news will then decide direction of the share price in the short term of course.
Ignore rumors etc, no one at all has any information, other then the normal tit bits given by DS here and there. If you are bullish on the stock, forget the daily fluctuations of the share price, it means nothing to those holding longer term here.
Have a great evening.