DTE 0.00% 13.0¢ dart energy limited

start of uptrend?, page-87

  1. 612 Posts.
    All talk of support and technical analysis is irrelevant with respect to Dart. SOmeone with the power to control the SP is making it clear that they are not going to let it go above 20c for now.

    The market for Dart has been completely "owned" and controlled by BoA for a very long time and it appears that they are still calling the shots. Every afternoon, what appears to be very strong support gets taken out and early gains are wiped away. The very strong support never leads to an increase in the SP. As has been the case for so long, the only factor that matters is what they do. They've shown on multiple occasions that they are prepared to intervene to reverse trends.

    Thanks to their handiwork, there are hardly any buyers willing to come back and buy into Dart again. (You can only be burnt so many times.) The shares aren't finding any real support except for what appears to be one entity accumulating (but that may even be BoA who have a tight lid on the stock.

    The SP isn't going anywhere unless the 500 lb gorilla lets it - and then it will probably be slow to take off because of the history of gross manipulation.
 
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