Forced selling? That's a buy. RSI won't/couldn't stay so oversold for long.
This looks a lot like manipulation/accumulation/tree-shaking to me. Who sits in the bid with ~3m whilst there is nothing on offer unless you're hunting nervous holders? Zero resistance back into the 60s. Gotta clear out the last of the weak hands to move up. Reminds me of GXY over the last few years. Results may be the catalyst and if not them I'd guess refinancing soon/in March. Might be some covering tomorrow before results.
Looking forward to the bounce. Already happening.
Annoyed I didn't have the fortitude to go in at 56c yesterday had to settle for 57.5. Was sweating US CPI though and look how that went...
Greedy when fearful and all that...
IFN Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
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