RE: TA view8 Dec 2022 16:24
SP is sat on a tentative support from July 2021, but it looks unlikely to hold. A break below that makes just over 20 much more likely. Things get quite interesting after that, as there is a trite argument that might bring 14p into play. I have no idea what news would have to arrive to have the SP down to that level. But that level is there and it is not at all impossible that it gets realised. I shall be super=cautious and keep cash at hand. On a more general note, I think that the wider UK stock market is likely to another battering with some big names including banks, supermarkets and airlines hitting prices that most people seem to think are just history. No-one can see into the future, but because I'm concerned about the risk as I see it, I'm going to be very careful about accumulating.