That poster Jamie on Sharsies is quite perceptive ...and maybe, just maybe, could be right
'Sky will die in the not too distant future' and then in another post 'dead cat bounces are temporary but mediocrity is permanent'
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That poster Jamie on Sharsies is quite perceptive ...and maybe, just maybe, could be right
'Sky will die in the not too distant future' and then in another post 'dead cat bounces are temporary but mediocrity is permanent'
Jamie is a client of mine, his favorite quote is about the cat bouncing on sky threads, on multiple occasions
Small world
We shall see who's right.
The Friday chart candle looks ominous, like a 'shooting star' potentially setting up for a 'blow off top'. That scenario would wipe out all the gains as quickly as they were made. To avoid a selling spree, will require further large buyer volume, which seems less likely than profit-taking, having put on 38% increase in SP since the low of the Results day only 8 trading days ago.
GLTH
https://www.nzherald.co.nz/nz/widesp...box=1630633747
Vocus hit by a cyber attack. That must've taken Sky fibre down with it... But surely that's also got to drop the takeover price 😂
Sky has entered a long term bull cycle with the confirmation of a monthly uptrend and break of monthly 12ema. This has taken the best part of 12 months to develop, so in my opinion now is not a time to even be thinking of selling. The successful method for profiting from bull markets is buying dips (higher lows).
In the shorter term (daily timeframe) we will inevitably pullback at some point. Can't predict when this will happen, however it will be marked by the price dropping below the previous days low. At this point we would just be looking for a daily higher low (ideally on decreasing volume and around the daily 12ema), followed by continuation of the daily uptrend. Wasn't anywhere enough volume to suggest a blowoff top on Friday.
One key characteristic of this rally is institutional crossings at higher and higher prices. It is big money, not retail, that is pushing the price. This gives additional confidence that daily consolidation will be for buying.
Hindsight, but thanks for the summary so far
I subscribed to sky sport over the weekend to watch the Rugby Championship. I think it's awesome. Not sure how long I'll keep it though, but then again, I said the same thig about NEON and I still have it, way better content than netflix and the new HBO stuff is awesome too. Love the fact that new movies can be rented as well, makes a difference when you can't go to the cinema.
We need to get that Joshua guy who does stock analysis videos to do one on Sky
Lurking here Joshua
Ok, share price prediction for close this Friday?
2 hairs past a freckle I reckon.