outlook, page-30

Totally agree with you statement Furniture about big sellers supporting price. Don't know if you were around on the last 2 pumps in SHE share price this is exactly what played out. There was a big seller and preceeding the last 2 upswings the depth change was instant and massive. one minute there were 500,000 supporting the next minute there was 3-4-5-6 mil supporting it. The Big seller who was around disspenced of the majority on both those moves,the support was not followed through at the higher level and the retraces were also sold into quite heavily so we finished once more at .9c.

This is what I based my statement on a post about 3-4 mths ago of the big seller 'running out of bullets' because following such SP movement IMO it is normal to see the the gravestone candlestick or ugly upthrust bar present as this signals final exhaustsion and potential end of such events. As mentioned we now have 2 of these on the weekly chart.

This current movement in price over the last 2-3 weeks has not been supported by any obvious depth change which makes me think it is a genuine attempt for this stock to regain credibility into the 2-2.5c price range.

As yet and based on the above reasoning I neither see a P and D CR event eventuating at this point in time.

As mentioned the momentum and RSI have built a long and steady Bullish divergence over the last 12-16 mths with the bottom line of that trend being tested and respected on 2 occasions while the SP has bottomed. Both indicators are also both approaching levels were a little kicker or spike may be experienced. By that I mean a few weeks to a month of buying pressure that eventuates in potentially a higher SP.