think people are buying in anticipation of newslater following the egm this morning... this share is only going 1 way..only the impatient people are selling.. there is lots going on I imagine behind closed doors.. it will be boom time when the news starts coming
The candlestick charting system goes back to 18th century Japan but the West didn't start using them until the 1980's
Not everyone is a fan of them but they are are from "mumbo jumbo" as they don't predict anything but do show certain trading patterns that repeat themselves constantly. Incidentally the Japanese traders that developed the system became incredibly wealthy as a result, initially on the Osaka Rice markets and then on the Tokyo exchanges.
I'd love it to make a difference as I have the exact same exposure to this share as I've had for several weeks. Just seen these type of things trumpeted before. An MA is all very well, but who invented this clap trap in the first place? Strip it back to the bones and its just a load of mumbo jumbo. I am far more interested to see if the GM is the next hurdle to get over as to when we hear lots of lovely fluffy bunny good news - again a little sceptical on that front as well. Just give me a 10-15% increase in BOPD in Trini every month and I'll be very happy....
I'll take any "bonus" buying as a result of it too obviously ;) Though I think there will be feck all really - bar a negligible amount from people who don't really know anything about it - and just buy because of what they've heard. Certainly don't think it'll spark serious buying from any quarter! More important is the General Meeting and then any news that might coincide with, or follow, it.
I am just glad we are in a position to even talk about it. Whether it’s an anti climax or not. It s still a mark on the calendar of our progress. Also if there is any buying as a result it may not be straight away. Chartist often wait for a close above a target as a confirmation. So I understand.( Or not )
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