I will be looking to get into this the next few days on the 30 esh level i believe if we do see anymore down side it should ony be down to lows we have tested before so around the 20 level , I may only get into half my position now and set 2 buy limits one around the 26 mark and one on the 21, This will be a very long hold as we know bears jump out of windows and...
A risky play of course but after losing over 80% of it's value due to JPMorgan selling, Covid 19 & a slowdown in sales, company has sold 2 assets & have at present around £142m in cash
I believe a lot of the turmoil is already priced in ahead of results.
Mcap is at £142m which means their business is valued at cash level.
Very undervalued considering their cash...
SIG is now trading at a 50% FIB level
Rising RSI and MACD
Has tested 150p in Dec-15 and Mar-16
Will it break to the upside after forming a flag pattern?
Time will tell.
