RE: Where’s the love?26 May 2022 10:50
I feel frustration and nervousness on the BB last few days, we should all calm and take a step back. In a matter of weeks we will have a new auditor and fully expect the price to move out of this range then.
If you think back 2 months how things have changed, yes the war isnt over yet we are holding ground just fine in comparison to others stocks which are up and down like a yoyo daily.
My opinion is we are in the 'transfer' zone, this is a manipulated price action zone where pi's give there stock over the ii's, there was no way the big guns where going to make it easy for us, frustration and impatience will see many lose out once news comes.
It was always going to be the case that as the war near ends BIG orders will be coming in, there will undoubtably be sells as well its a law of averages, so over analysing the orders and price spread manipulation will put you in a subtle negative frame of mind, this is the ii's trying to crack you, dont give in!
I posted a chart yesterday with the zones ive been watching for some time, these are two channel hot zones in the first recovery wave. The yellow line at 2.46 is centre price of the wave at 50% fibonacci, the two pink channels are the upper and lower Resistance and Support, imo it will be held here until there is news from POLY or the war ending.
If you want to really get down to some finite analysis zoom into the chart on 1 - 5 second time frame at that lower support level, i have it at around 2.30, if the price dips below it watch the Volume, if the volume spikes and the price only slightly moves and pulls back above support into the zone that is order filling. Volume and candle body discrepancies cannot be manipulated, this is one thing the ii cannot hide.
https://ibb.co/gwx0Bs3
My opinion is this price will move when you least expect it so HOLD tight, i am off trading like mad on others shares and any winnings will be coming in here adding to my pot, best to forget about this for now and trade some of the swings on the more volitile shares, there is fortune to be made in some oversold safe shares atm.
So ladys and gents this is just my opinion, other charters and traders please put me straight if you think i am incorrect or being over bullish ))