I did go back in cos IWWBOOTOTW mate lol - I got back in for a whopping 1/2 a P less than I traded out at lol No idea on Monday mate though if it keeps pressing that 39p from the off and throughout the morning then that may add weight to the possibility of an early sign off/genuine buying pressure as she "should" really be dropping 3p or so here to cool off imo. From a chart perspective I consider 39p to be the same as 44p months back so getting through it is likely very telling for the medium term picture, i.e. Chris's 2n shouts become much less likely and I'd be surprised to see it go lower than c35/36p from there even as part of a natural cooling off ... You may recall that the two "attempts" at getting back through 44p were basically non-existent, it hardly got tapped at all but 39p got hammered on Friday - p'raps that tells us this is real ... Soon find out! :)
Good evening bonker. Did u get back in Friday or still out with the ones u traded? What is ur prediction Monday?
I can put this at 70p without even threatening the long term downtrend so I'm inclined to agree - eeea approval followed by sale of asset(s) possibilities should be more than enough to get it closer to there than here on anticipation alone imo ala the XEL1 EWT rise ...
Maybe you haven't been keeping up with current events mate but the BOD haven't exactly been covering themselves with glory re prompt announcements of price sensitive info :) Agree with points made re volume but has anyone kept an eye on the ISDX volume? I can guarantee that if there's scope for that being used to hide accumulation/offloads then it will be - in truth i can not come up with another reason for it to exist ...
This May have the potential for a big jump even prior to the sign off, it's still well down on previous levels with the recent placing having little effect other than the poor sentiment it caused. Should be an interesting few months to say the least but I think we could be in for a good en
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