RE: Are we there yet?26 Oct 2021 10:30
Malachi, yes that will be the support to the move , but the SP was 135p a month ago before dropping nearly 20%, so in hindsight it looks as though there was buying ahead of an expectation that news was about to drop (or at least a gamble that it was). In other words I think the chart will pre date the official release (it might not of course, who knows), but whether its a leak or FOMO, or whatever, but the old adage of "buy on the rumour, sell on the news" has quite a body of historical support to justify it.
So I expect on balance the SP to move prior to the news, if it does, based on the chart pattern expecting a break out, means it could generate even more momentum.
Anyway, time will tell, as it always does.