Such a tease this stock.
I posted a few times regarding the lower bollie being an indicator to display when the sell off becomes exhausted. Well yes it levelled out but like the SP, has now just printed sideways. I was hoping for the same as the blue circle. (there was a solid 10% trade in it)
MACD has merged in combination and pretty soon there will be a merging of the bollie median, 8ema and SP.
I say let it happen and let's have the squeeze and we'll find out in which way the market wants to take it.
Off course any serious announcement throws this play out of the window. Expecting any?
Quite staggering to me how much this short/ hedge position has increased over this holiday period. 1.7% is still nothing to be concerned about but worth monitoring as it can act as a ball and chain around ones neck if it gets to 4-5% IMO.
Cheers
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(20min delay)