Chart, page-19866

Hi folks

If the Quarterly podcast was supposed to inspire me it had the exact opposite effect. Bad signals with bells on. The thing with the shares for the ex-director is to me unbelievable.

Todays chart hit a critical point matching the recent lower-low at 0.405. After todays action in my opinion the chances of a double bottom have dissipated dramatically.

Previously I believed that once 0.405 is broken that the downward daily candle moves would be impressive in percentage terms. I believed that we will be heading to create a new lower-low and on the way creating for me an opportunity to add to my holdings at low prices. At the time I thought that the next lower-low would end up being the final turning point. In my previous chart posts I indicated this belief.

Well currently my thoughts are turning towards the experience when your driving with the GPS on and you make a wrong turn and the voice says "Recalculating"

Well I'm recalculating.

I am facturing in the potential that after the next lower-low is created that it too could broken to form the next lower low.

On my chart the green dotted horizontal line is a still unfilled daily gap that occurred in late Dec 2020. It makes me think.

First of all lets see what happens if/when 0405 is broken downwards.

Then we shall see what happens next.

Just the way I deal with the markets so that I am not surprised by what plays out.

cheers Lies