Before I start I'm still pretty new at TA so I don't claim to be great (though I am improving), my posts are just my thoughts and am happy to be corrected and informed by those more knowledgable. http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=toJRC8r6mIGUlKiR1Erh%2FCYzQsFY5dbcMHucBd%2FcT%2Fw%3D&symbol=L^SUMM Anyway well we have crashed through another support line today at 55 so the two Kijun and tenken lines at .54 are next though we appeared to bounce off those today. The apparent manipulation seems to continue though of course we don't know the real situation. RSI is staying central so it would seem the drop is unlikely to continue with fervour. MACD is still positive but only just. Mostly its all a bit "meh" I was considering selling up for the short term until he only thing which stands out to me is volume. It has decreased significantly after an unusually and sustained trading period (even taking into account the 150k rollover yesterday). so what? well it could just fade away again but that makes no sense to me. The company are putting themselves out there and showing signs of life after months in hibernation The recent spike demonstrates people are ready to trade and are responding to these signs of lifet, the dying of the volume suggests people are holding in the dropping sp - those who wanted to sell sold. so there is no market for a dropping share price now. So I do expect this share to rebound shortly and with the rise we will see people jump in and the volumes increase. Weak holders are now gone next to go are those looking for their 20 -40% profit on the low or those jumping ship on break evens. But the sp needs to go up for that. Of course we could get an RNS in the morning which would put a lot of things into context. Also I assume the late blip up was to do with a trade that will be announced late.
Sorry mis read your post. I thought you said we should assume. I gotta say oil has been my thing up until now so i will take you guys word for it. I don't know how often other finance arrangements are made at this stage
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