Profit takers are not a key factor don’t worry.
Traders hate to wait 3 month especially when market falls like recently. 100 sellers like to take profit now at 11.5c does not mean they will sell at 11c or lower, they may even switch side
Buyers are getting less but don’t forget there was 60m shares on bid and most of previous transactions were 11.5c, they are just watching
Most of holders know it will be NO but not sure about SP movements after that. FA is quite obvious as TT analyzes, facing north only.
RAP SP is dominantly driven by news, therefore TT your prediction may not be correct as it’s static without forecasting company news.
After the NO vote, bunches of news will be out, I, for one second, doubt there’s nothing happened between Pfizer Ann and the vote. And I also don’t believe the coming news won’t be in favoure of SP growth. Morning star currently values us 23c. But the big one are in the making, then the real bid-offer ratio can be revealed.
High teen can be expected, IMO
Profit takers are not a key factor don’t worry.Traders hate to...
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