I like to use charts to select optimum times to buy and sell.
True the price is closer to the 70 line on the Relative Stregth Index. This means that within the rising trading band, it is towards the upside but this doesn't mean it couldn't rise higher IN THE SHORT TERM. However the bottom of the trading channel suggests no more than a 5p drop (and if it dropped this much it would be an optimal time to buy. Any less than this and it would indeed have gone bearish.
Volume is a concern and the recent couple of weeks were always going to be low volume and indeed it was interesting why it rose as it did.
However for the longer term it is fairly academic.
So if I was buying, I would wait to see what it does on Tuesday. If it starts up by more than 3p I think it will pull back at sometime during the next few days. If it opens flat then it is fairly safe to buy (but expect some volatility over the next few days). If it drops on Tuesday, I would see just how far the MMs will let it drop (prob no more than 5p) at which time I would buy.
To be safe, if one is buying, I would suggest buying a few at a time and spread the purchases.
I haven't seen this Daily Mail article, but I don't know if it will influence the price. The last few times that the CJD test has been mentioned in the Nationals (ie the Times and Independent) it has had no discernable effect, so I wouldn't panic.
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