movements like this are good at times. Flushed out weak hands. Transfers positions to shorters/intraday shorters and fresh buyers are current levels. Adds further pressure when they realise they can’t cover lower. All what leads to a healthy upwards chart and growth projection for share price. A lot of the intraday shorters from the morning won’t hold overnight they will cover.
Ann: Appendix 4C - quarterly, page-73
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