Rightmove stock fundamental analysis | Rightmove stock price target
Rightmove stocks are going to see a huge increase. The stocks of this company are listed on the London Stock Exchange. The main business of this company is online property market. The majority revenue of this company is currently UK. If we talk about the results of this company, the fundamentals of this company are very strong. This company is showing huge growth in profits quarter on quarter and year on year. If the business model of any company is strong and the profits of the company are increasing, then there will be a huge increase in shares.
This company does online property market work and you must be aware that there is a huge increase in the demand for online property market all over the world. If there is a huge increase in the demand for online property market then there will be a huge increase in the profits of this company also.
If there is an increase in online property market in the world market then there will be a huge increase in demand for online property market as well. If there is an increase in online property market then there will be an increase in sales of this company. If there is an increase in sales then there will be an increase in profits of this company as well. If there is an increase in the profits of Rightmove company then ultimately there will be a huge increase in the stock of the company. The price of the stock of any company follows the profits of the company.
Rightmove stock technical analysis | Rightmove stock price target
Rightmove stock has touched a high of £813.2 in Jan 2022 and a low of £437.5 in oct 2022. The current price of this company is £651.4. This company’s stock has formed a breakout pattern. This company’s stock is going to breakout very soon and reach £1223.5.
Hedge funds trading strategy in Rightmove stock
The hedge funds started booking profits of around £813.2 in Rightmove stocks. And the hedge funds started booking profits by selling whatever shares they had in delivery of Rightmove stocks around £813.1. After selling the shares in delivery, the fund houses started short selling around £627. The hedge funds started covering their shorts around £470.
When this share came to around £437.5, the hedge funds again started buying Rightmove stocks in delivery. Now hedge funds have started buying in large quantities in delivery. Even at the current price of £651.4, hedge funds are buying Rightmove stocks in delivery. The hedge fund will sell Rightmove stocks delivery at £1223.5 and book profits.
Now we will talk about why retail investors make losses in the stock market and hedge funds make huge profits ?
When the price of this share reached around £813.2, then hedge funds spread a rumor through media and newspapers that this share is going to cross £1000. And around £813.2 retail investors start buying. When retail investors start buying, then hedge funds start selling the stock to retail investors.
When the price reaches £813.2 the hedge funds start selling the stock in delivery and when it reaches £627 and all the deliveries of the hedge funds are finished then the hedge funds start short selling in future contracts. When the hedge funds do short selling they start covering the short in their future contracts till it reaches £470.
When this share comes around £437.5 the hedge funds spread bad news about Rightmove in the media and newspapers and the retail investors start selling the stock. When retail investors start selling the stock at a price of £437.5 then the hedge funds also start buying the stock in delivery. As soon as this share crosses its old high of £813.2, they buy in delivery.
When this share crosses £813.2, hedge funds start taking aggressive long positions in future contracts. When this share reaches around £1223.5, hedge funds spread very good news about Rightmove in the media and newspapers. When the price is running at £1223.5, the media people talk of a target of £1500. When retail investors start buying at a price of £1223.5, hedge funds start selling in their delivery. Hedge funds book profits at £1223.5. Or retail investors get trapped by making purchases for around £1223.5.