RE: TA16 Jun 2021 10:00
Prof and all others:
If we all look at the SP swings of the last week or so we can see big ups one day and big downs the next .
What can we all deduce from that? (Ignoring TA as a predictive system)
Confidence is quite fragile for a number of buyers/sellers. And that is reflected in this BB too, its all turned into a bit of a mess with none of us really knowing what's going on and when it will be resolved. Will it be the UK, or the EU/RoW, or both or neither and when will the first order arrive and for how much, and where does Innova now sit in the mix, and all the other questions.
So based on what we do (and more importantly unfortunately, don't know), its easy to understand the schizophrenic SP daily swings. I think its also reasonable to assume that without some "good" news, then more might leave the stock increasing pressure on it falling.
(By the way, if anybody agrees with this broad overview, but does not agree with TA, well, that is TA. Discerning peoples reaction to events based on SP movements. (its a very, very short step from there to looking at what can be "predicted"going forward.