short term analysis all long term MEOites please ignore
now has this announcement shaken the momentum and uptrend staller or is it another bit of pump and dump or pump and walk the plank a little further or ?
in the first hour of trade this morning we have 4.3million trades surpassing the up volume of the 27/28May, last hour of trade 27May was 3.3million and first hour of trade 28May was 3.12million both up bars which often contain nasty intentions.
that volume imo was enough to stall the minor uptrend that had been evident over the prior couple of days leading up to the 27/28May
we are now sitting in the area of prior minor resistance of the 27May = 30.5cents
it will be an interested couple of days now to see if we can get up and thru this area because it has been quite boring sitting on the plank, might have even got a few splinters
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