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CHRT To Continue Playing The Range?Cohort has made a recovery from the pandemic loses but has established a trading range between 550 and 660 going back to June 2020. We are coming off the top of the range and price sitting at around 600. If the share is to continue its established pattern there is an expectation to see it trading lower to around the 550 level. So short term bias is short with 550 as target. What would negate this view? Increased volume on the upside propelling the price back up to 600 level. There is little trading volume in this stock and also little institutional ownership. However, thinking big picture and the growth in HeathTech sector, could CHRT be a takeover target for a bigger group? Only time will tell.
LSE:CHRTShort
by samanyangawrites
Is There More Downside Potential For This Telecom Giant?LSE:VOD Following a disappointing earnings release last week, the price of VOD gapped down and traded softer for the earnings release trading session. The share picked up some buyers around the 125.00 handle and enjoyed a bounce back up to the 129.00 level in this week's trading. price hasn't really shown any keenness to close the big earnings gap and appears to be setting up for a drive lower to the 121.00 levels (on a technical basis). The reluctance of price to put in a retracement on last week's drive lower coupled with Tuesdays (25-05) open drive lower suggests there is potential on another downside move. Will continue to monitor how buyers come back into the market and see if there is enough selling pressure to send price down to at least 121.00 in the short term
LSE:VODShort
by samanyangawrites
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