Consolidation period12 Dec 2020 08:19
This share has performed excellently this year , so credit must be paid to the company. We all know that shares go up and down, and if it spikes ( it come down even faster). the old saying that shares take the stairs going up and the lift coming down is quite true, i think. The period since early November has had the SP in a consolidation period after hitting a high of approx 30p. This is normal, and this last month has put a very good line of support around 22p IMO.
I bought more at this level for precisely this reason and if the good news that we are expecting comes through early next year then i am confident we will top the year high and progress further.....but there will be another consolidation period at sometime, above 30p plus until the next step forward....this process is crucial so to build a firm SP base going forward.....if anyone is going to buy , imo then now is the time.
The only dark cloud i can see in the short term is next week with how the markets react to whatever Brexit decision we are landed with......so i'm prepared to buy some more if we dip below todays resistance....then open blue sky's imo.
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