Backing FUTR16 Jan 2021 09:49
Early September this rose. Drop late November coincided with Earnings data. Excluding this, the share seems to be providing a nice linear growth over time. If you draw the chart, it seems to me that we are in a small ascending channel formed by the support peaks (10 Dec, 8 Jan) and resistance troughs (25 Nov, 21 Dec). As such I predict a further fall to around 1698 in the next week or so and will be watching for it to cross this together with a strong buy signal, on multiple time charts, before increasing my holding. However I can't help but feel that when the benefits of the GOCO acquisition start to kick in this will take off. Exports being hampered by red tape and strong GBP at the mo but both temporary IMO as humans like their branded booze. I'm holding and watching. My opinion on folks please do your own homework. GLA