RE: its on a knife edge.... (TA ignore at will)4 Jun 2021 09:29
BIL, Thanks for the clarification on the tone of your post. 241ip is a relative new resistance, but when a chart has been in a down trend as AVCT has (based on no test RNS coming through when expected, remember), then you need positive confirmation the trend is broken. 241p is the first step to confirming that down trend is finished. So I am the same as the rest of us expecting the test to come through any day, BUT, we have said for a year, so its not so out of the realms of fantasy to park that expectation and not let it influence what the charts are saying.
Scardey: I am surprised that "Looming large" caused such a furore, its only 10% away from where the SP is now, so hardly a collapse, or a Doomsday Scenario I would have thought? But at the same time that is where the next support is, if, if 233p is broken, so that would be the likely target.
What the reaction tells me that many here are over committed (which is not my fault or problem). If someone had a holding worth a £100 and I said there is a danger that it might be worth £90 in the coming days/weeks, what do you think the reaction would be from them? So what? Who cares?