butcher/young enough it is possible to chart read that an announcement is coming out before it is made. Charting can also tell how Significant News was received.Was it a Company Changing Market Perception ie a Re Rater or just some more bumphf spun out to keep the clamouring,in Loss or Not getting too far from d'Hold ShareHolders.
One has to maintain Scepticism/an awareness of particular Risks about the share in question.With DYE we have that the Dyesensitised can be Accepted but manufacture can be down In House instead of Dyesol Purchase.
A chart will NEVER "solve" that query.New Substantial Holders Might.A significant price rise thru resistance and a Share Price CONSOLIDATING at say 20% above current 70/90 Range would at least indicate that the Market in specifically DYE Muck is being accepted. It's NOT in running up 20 even 100% in a coupla Days.Not if the share then just goes back to the previous level.Shares that do that are strictly for Short Term trading.Avoid getting sucked in if you have a Long term Preference or are not too au fait with Trading by Chart Techniques.
I'm off for a suspended holiday,I reckon.C'est la Vie! but don't dismiss charting from your repetoire while I'm gone. cheers.
GSL Price at posting:
77.5¢ Sentiment: Buy Disclosure: Held