Actually just checked the stats for T+3 and if they bought in on yesterdays move then they don't have to sell until Friday. Trade day plus 3 days until you have to settle.
A good close today at 3cents, which was the previous resistance level. We may have moved out of the 2cent trading zone and into the 3cent zone.
There were bigger parcels off loaded earlier in the day as expected but when they had finished, normal trading behaviour returned. The games arrived yesterday and left today. Not sure when the line wipers will be back. Here's hoping the sp doesn't drift lower. There seems to be good support at 3cents for the moment so we will see.
VWAP was 3.14, clearly higher than the close of 3cents.
I have attached a chart I did earlier in the day. It shows a clear round bottom formation occuring which in an uptrending stock is very bullish. Also shows the key 3cent level, which it was able to hold into the close.
cheers
Ange
gains holding, page-45
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