RE: Share price21 Mar 2023 18:40
I think the sp has held up quite well, so perhaps I was a bit too quick to get nervous about the chart. If it had broken out to the downside, then we should have seen a drop today and not a rise.
This is an example of the sort of thing that gives TA a bad reputation - false breakouts. That is why I said that I don't trade unless the pattern is crystal clear.
I must admit that in this case I was taking a bit of a chance as the falling wedge was quite short, I would normally have liked a falling wedge to be longer and more certain. I was prepared to to take that chance because even if I had it wrong, there was the chance of an RNS boosting the sp.
As I said earlier I kept a good bit of cash to be ready to buy if it drops further. I didn't go all in.
Let's see what happens tomorrow, If it can get above 2p then I think it should be worry over, the rise is on.
Expect mocking posts from Snoop, but we have seen how infantile he is - amused by little cartoons. Come on Snoop - tell us again that Pensicola is a duster. Ha ha.