I'm no chartist, some simple arithmetic (Commsec as source), over 65m have been traded (exc. today) over the past 2 weeks, which is close to 1.5 times the current share registry. IMO, there's been profit taking and I think it might be close to being exhausted based on the volumes traded. Looking at the closing prices I'm guessing most buying in over the 2 weeks is an average ~16c. Some of those being traded includes the day traders and I am assuming many of the shares offloaded by DT are landing in safer hands. IMO a lot of the buy volumes now (undoubtedly some DT today have been involved) are those waiting for some Pomme action and possibly laverton results. I cant see there being too much more sell volume coming in below 19c pre-laverton results if the avg is at ~16c on 65m volume. I suspect there really isnt even that much volume at 20c if people buying in for Pomme and pre-laverton results.
AIMO , GLTAH
MTM Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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