Resistance3 Oct 2025 11:41
Appears to be an upward resistance at about the 3.74 level and then moves down and up again. Only positive news will break through this level. Always told to never guess the market and stay invested through thick and thin. However sold a buy to let property 3 weeks ago and not needing the money looked around for a safe investment. If ever there is one. Deposit accounts paying 4% or there abouts, which would only keep up with inflation after 12 months.
After the cyber attack the shares fell 7% which is nothing in the grand scheme of things which goes to show the strength of the company and coupled with price forecast for next year of 4.25 M&S looked a safe bet, so I went all in with the money from the buy to let. After 3 weeks I sold out today at 10.38 making a profit of £11000 which in that time was a return of 7.58 nearly double the annual rate I could of got on deposit. Yes I have been lucky but not greedy as I would have accepted a yearly return of 6% on whatever. Now I have the profit and capital to do what I want or do nothing at all as still 7.58% up. Investing is not always for the long term and if your happy wito take a profit take it. it could be gone in an insatnce. Happy investing