We will be keeping a close eye on the breakout. Should we break resistance over the coming days, a decent profit should be in order.
Volume has been increasing daily which is good, apart from today, so I get the feeling that the sellers have now run out of steam and we could be in for a good few days.....
I hope....if I am wrong, then the lack of volume means that the buyers have lost interest! That said, a £1.4M buy just after LSE close via an uncrossed trade looks positive. I don't think those with £1.4M to spend on one stock normally buy shares if they are expecting a drop.....or so i hope.