I think a drop to the lower yellow line is unlikely, but who really knows, the short positions are rising!
Here I look at that might happen to ITV in the next few days. Are we going to break out of this flag to the low support line again and get another good swing? Or will it break out to the top? Again my own ideas, not financial advice!
Here I show the specifics of what I "hope" Itv to do. If not I think it'll drop back down to 107p ish...
I want to break free... Of this downrend! Is the sell off over? Will the dividend announcement send the price back up? ITV is undervalued, but it's hit the top bound in a multi- year sell off, what will happen next week? (News isn't good, inflation, Ukraine etc). I bought in at £1.12, it stands at £1.23, and my stop loss is at £1.15! We could see any one of...
Thoughts encouraged. I'm new!
Greene King, ITV and Sports Direct all potentially reversing longer term declines
Strong buying after an upgrade. Could follow through towards its 50 DMA.
ITV oversold. Rejection from 50MA with slightly below average volume. If trade is not activated by the end of trading day cancel pending order. Target of 279 - previous high from end of December.