Future opportunity following a weekly green close when it appears. Best buy zone is the accumulation zone, 55% back to all time high levels. This may take several more weeks correct.
RSI & MACD continue a downward trend. MA's are not yet corrected.
We will be blessed for a Xmas pump if economical and logistical recovery pervails? The confirmation of the RSI, MACD & MAs will confirm AO recovery.
AO warned of lower profits for the year, due to the UK’s current supply chain problems. And that’s all down to a shortage of lorry drivers, after tens of thousands headed back to their home countries after Brexit. AO says it now expects “adjusted EBITDA for the full year to be between £35m and £50m, with profits more heavily weighted than usual towards the second half of the year driven by the peak trading period. Source: fool.co.uk/investing/2021/10/01/why-has-the-ao-world-share-price-just-crashed-20/