Trading Analysis - 21st Jan 2019
21 January 2019
End of Day
Almost instantaneous walkdown - in line with the previous day's behaviour. A couple of mid sized (50K-100K) Buys before 9AM helped lift the nett trade position to around +300K, where it stayed until about 1PM.
At this point a serious of mid and large (>100K) sized Buys appeared, raising the trading position further still to >+600K. Eventually the prices paid for Buys ticked up past 41.5p as MM's concluded that they may be able to get better prices for selling to PI's. A large Buy of 119,357 at 41.8p appeared to trigger a 250K Sell at 41.65p but these shares, plus another 100K from a Sell at 41.50p were quickly snapped up by another large Buy - this time of 251,623 at 41.50p just 10 minutes before the close of trading.
Yet again the nett trade position finishes positive by 500K-700K - this time the surplus of Buys tipping the scales at +663K. PI Buys are consistently outnumbering PI Sells.
This article only conveys the personal opinion of the author. Whilst every effort is made to ensure the content is accurate, we cannot guarantee the accuracy of the data shown. This article does not constitute professional, financial or investment advice and must not be used as a basis for making investment decisions.
Site content is not authorised by the FCA and you are not safeguarded by the Investor Protection measures of the Financial Services and Markets Act 2000. See our full disclaimer