Pattern17 Nov 2016 11:24
Oh dear,a very worrying pattern is emerging here,taking notice of last years high on the chart at 85p and it struggling to break higher,a fallback,sell off (call it what you will) began around April this year which saw sp plummet to 71p,
It then tried and tried to break 75p but a seller returned which saw it plummet to 61p in Oct this year,it is now trying and trying again to get above 65p,but is yet again struggling.
Now if like you admit there has been a buyer in all that time,does that not bode well if that buyer stops (maybe already stopped) or even more worryingly decides to sell?
A 90p target has been ramped at for a long time now and I've been mocked for predicting 55p,with this ever emerging pattern I feel I'm well on target for 55p and may even get a more acceptable buy in price of 45p.
Discuss.
Aimho and gla.