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TA Weekly Support - at 0.015 or 0.012, page-67

  1. 2,445 Posts.
    lightbulb Created with Sketch. 57
    Yesterday's SP, volume actions with all the tyre kicking, crowing and blowing own trumpet from roof IMO has confirmed P&D.
    The question here is how low will "they" take the SP.

    IMO during yesterday's actions some newbies may have got stuck whilst the manipulated one's got out.
    Now I am expecting they will wring this dry for few months (IMO more than 6-8 months), take the SP down on low volume, make newbies bolt and scavenge the droppings.

    From TA perspective, cup and handle on weekly could end up as a cup with broken handle or a loooong handle
    Either way it is manipulation......look at a "smart" investor selling one FPO. This certainly cannot come from retail traders.
    So, how low "they" will go.....I mean the SP

    PS: Sentiment changed to "Buy"
 
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