Technicals, page-301

The key thing in that graph is that generally the stock has honoured or exceeded the SMA 25 line, until 4 July. The small sell off happened in the new financial year, profit taken most likely and having ages of time before worrying about tax. We have tax loss selling prior to 30 June and apparently now tax profit selling in the first week of July. Add to that a bit of undercutting panic, some smart money taking advantage and wella .... we are under the SMA 25 line. The line says the minimum price for the stock should be $6.00+ and we are well under it.

So, where are the buyers? Well, they're accumulating slowly and shortly when these cross-overs occur and the pip sellers are gone off we go again. We know there's expansion, we know the yearly report is due .... we also know that it is close to bottom.... this will pop soon and $6 will get taken out fast. There's some stocks you flip for a quick buck, then there's those you hold for your 50% CG discount .... this one is the latter, buy, hold a year and you'll be a happy chappy I'd reckon. This BOD are switched on, but they work too unlike say some mega corporation where deadwood festers.