Another 11.6m+ have traded around the all important 3.4-3.5c zone today...
Actually, the VWAP is currently 3.55 (yesterday 3.46)...so perhaps an underlying indication that support is holding and that resistance is slowly failing.
Not confirmed yet, but we should be close to just about done here I suspect.
Interesting to see the extra "encouragement" given to the sellers today...we haven't really seen much of this lately, so interesting to suddenly see it now? By this I mean the typical bid pulling, bid stacking and well timed momentum killing sell orders.
This suggests either they are not getting the level of stock they want, or simply need to speed up the pace of accumulation for some reason...either way, the reducing volumes at current levels, especially in the face of such activity, points to a looming break to where the volumes might be a little more generous.
Not much time left for topping up in my opinion.
Cheers!
AEX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
