Monday will be shaky. But I am holding and I know it will be...

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BaconLover

3,212 Posts.

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23/01/22

08:43

Post #: 59067486
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Originally posted by Home101: ↑

Next week is going to be interesting;
- Monday may be another red day. I am expecting a pullback of another 10 to 15%. The closing may be around $1.50.
- Tuesday will be a small recovery of 8 to 10% and would close around 1.65ish.
- Thursday we get the 4C. There are chances for two things to happen. If there is not much revenue to be reported, the company may accompany the 4C with a contract. This completley makes sense, as there are hounds who have taken large shorts and are waiting for anything that they can use to attack the company to push the prices down. As such, the company would try hard to to get a contract released with the 4C. If the 4C has over 1 Million in earnings, it will be released on its own. Eitherway, this will push the price higher.
- Friday closing will be above $2 mark.
- In Feb, the SP will touch $3 but will end up settling in the higher 2s.
All in my opinion only.

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Monday will be shaky. But I am holding and I know it will be okay in the long run.

Remember 2020? Covid hit the world, stock market went down. People sold out.. Now how many wished that they bought more or held strong during that turmoiling times?

When (not 'if') market turns back to bullish mode, if you are not invested already, you will be paying high price and you WILL miss the ride.

BRN Price at posting: $1.76 Sentiment: Buy Disclosure: Held
33 Upvote

1 Great analysis

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