My adage is: everything is relative, market is always right, buy low sell high.
It took me awhile, but this is my preferred way of looking at market data. I'm only looking for relative high's and lows. The result is a strict 'whatif' using logical operators and looking only at price data and movement per interval.
Farm-out RNS no longer priced in due to oil drop recently.
I got 2 support lines but feel that price had an over reaction drop.
2.19p (hit this morning & bounced) & 1.75p as support
3.51p Target price
Completely unbiased as I do not hold this stock.
AEX index shows possibly the start of the C-wave down starting a topping period. -- AEX index staat mogelijk aan de vooravond van een daling van enkele dagen/weken. Ik zie dit als de start van een langere termijn top formatie.