RE: ARS RNS25 Nov 2018 16:40
Technically there could be a few more days with short term down-spike attempts to 4.30p, trying to wash out weaker holders i.o. to create a valid long term bottom where new buyers move in. Thats a beautiful candle chart on LSE showing the empty downspikes and stabilization around 4.50p...
lse.co.uk/ShareChart.asp?sharechart=ARS&share=asiamet_res
IMO
- unbothered about minute lasting dips, as long as the current levels are maintained
- new sell signal only if 4.60p is breached at the closing (mid price)
- first new buy signal only if 4.90 climbed
No advice meant. DYOR!
Like said, I think company directors will use the opportunity to promote Asiamet to investors at the mining event with the outlook of an easy twofold to ii's, the minute a new financing round is a agreed.
Before that they will not "assist" the share price actively and just let it flow. Gives them more headroom to negotiate.