The Doldrums8 Aug 2024 16:46
Had a bit of a change of thought lately, was on reflection as to sp action / price.
Whilst I do still feel that there is some rationale that connects sp with the kind of information being shared on chat forums, and the mood that then goes on to create, I do now concede that this is likely to be quite small in the grand scheme of things.
It's simply how things work when we are stuck in the doldrums that's created during a news vacuum.
Been quite a rise from about 1. 1 lately, always going to difficult to maintain on no news regarding orders, patents, validation, trials etc etc.
We do however appear to be on an upward longer term trend, which I imagine will continue towards the big "switch on* in the 4th qtr. (if going to planned timescale)
Along the way there will be dips I'm sure as some take advantage of any trading opportunities that manifest along the way. Due to large spread that needs quite some range to make much profit however, unless your in the 10m club lol