Chart, page-13413

Hi MDcopper

You could be right. But consider this in Mar 2021 we hit a high of 0.77 by Oct 2021 we hit a low of 0.365. That was all due to a lack of real announcements. That's some fall. Then we have a trickle of announcement and then the Megachip income deal things changed.

Any buyers (in the downturn) in the high 30s and the 40s will be looking at if the SP gets to lets say 0.77. What do they do? Take some profits off the table. We have a huge amount of shareholders and I suspect this will happen at some point for those buying in at October at lets say 0.40 and by Dec 0.77 is available that's a 92% gain in 2-3 months. I seriously think that a profit taking event will happen. Its a question of how deep the pullback.

This is how the successful cup and handle patterns work, need to shake out the weak holders before going upwards again.

But as I said earlier you could be right if the announcement of deals come. However waiting for significant announcements can drive you crazy.

If in this current surge the SP gets to lets say 0.77- 0.80 and then no significant announcement occurs to say mid Jan the SP will drop.

Just the way I deal with the markets. As always DYOR.

cheers Lies