SBN 0.00% 0.0¢ sun biomedical limited

waiting game, page-25

  1. SSV
    1,145 Posts.
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    Hi vin,and everyone

    By the charts 1.1cents will be the low.

    This is the third time we have hit this point,(triple bottom) so do expect a upswing soon.

    Triple bottoms normally indicate a start of a new longterm up trend.

    I guess whats happening ( small volume )is the exhaustion phase, were all the existing holders are loaded to the eyeballs and cannot continue buying.
    If I had access to funds I would buy every share I could lay my hands on at these prices.

    Then what normally happens is we have an event or announcement and a new set of holders start buying the shares and then off we go again.This is a re-occurring model as the share climbs higher.

    The best buying is always in the exhaustive phase.
    Another indicator is when posters on HC start turning on each other,venting their frustrations.

    So I hope everyone understands what phase we are currently in.

    Whilst the overall market has little impact on SBN , it's the physcological impact of the current market that scares smaller holders to sell.

    This post is designed to educate holders that haven't experienced markets like the present before.
 
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