Uncorrelated I reckon ...Brexit whatever just short term market noise
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Improving fundamentals will eventually win out over the shorters IMHO.
There may still be some volatility (we live in very uncertain times,) but it seems to me, the longer term trend is back in action, as reports of ATM's increasing sales/earnings play out.
UK sales might be hurt by Brexit as Britain GDP declines, but ATM is well spread internationally to pick up the slack elsewhere so I pick the upswing relates to other factors i.e. improving fundamentals.
a2 found resistance above 12 again. see what happens
Shorters feeling the burn! Ouch!
A very long time. Does it go off after more than 6 months out of the fridge ? Probably a rhetorical question for me at this stage as Synlait is sill miles under its high of $13 so there's nothing for me to celebrate at this stage from them or anything else for that matter either....
If you have a look at the shorting chart, it shows that shorters have mainly lost money on ATM.
Point of maximum pain is going to be coming up soon - when ATM breaches the $13.00 level.
Fully expect the shorters to panic cover then and push the sp back up to previous high.