Hi FolksThings are going to get busy for me in the next couple...

Hi Folks

Things are going to get busy for me in the next couple of days, so breaking down my chart analysis into two parts.

Simple part first, looking overall. The whole rise from 16 to 53.5 looked very suspicious after the 41% decline, to 31.5, from the peak.

In a post I called for the bounce before it happened and sold 40% of my trading parcel into the 50% FIB, which went on to reach a 61% bounce. I don't try to maximise that sort of trade reaching 42.5 was better than expected and enough, even though it went of to reach 45.

That waterline forming lower than 31.5 at 30 was an important bearish indicator.

The leak from that waterline reached down to a low 24 after that Qtrly report and now we are experience another bounce into the AGM (as has happened in the last two years.) That bounce has already reached 29.5 from 24. I suspect that there is some more to come before 21 May (AGM). How high it bounces is not really that important, unless your a short term trader. I also suspect that the bounces formed in the previous years were orchestrated by short term traders.

What happens after the AGM is important. Which I will explore in the follow-up post.

Just my opinions DYOR.

cheer Lies