Market still looking very bullish for the time being
Think the past few weeks have highlighted that punters have regained confidence and are prepared to push stocks well in excess of 100% gains intraday on the back of positive newsflow.
Only have to look at the likes of ATU, RXL, AZS, AIV, KAB to name a few.
IMO, a lot of these rallies are a combination of long overdue bounces on stocks near 52 week lows, coupled with the rerating on the positive newsflow.
