RE: Trading range (TA ignore at will)22 May 2021 13:37
I have mentioned before that a select few fund managers can invest in companies that have reached a market cap of £120m, at 20p this is now being achieved with warrants, placing shares and scir reducing their holdings now been taken up by the small funds. When the sp drops to 19p the ordinary p.i along with traders take the sp back to the 20p range should it hit 22p the mms chuck a large 250000 sell in to quell the rise, (seen a few of those go through) to enable said funds to carry on accumulating at 20p what we are experiencing is an orderly market. As for a break out we will see that with large volume through 22p volume is the key to look out for regarding a move to the next level, we will see this happen in the coming days leading up to the first drill anyway.