Congrats to you & other holders first off....been a long time coming. Safe & happy holiday season to all as well.
Not with laptop at the mo mate so just a very simple dirty chart off the mobile fwiw.
Some context with obviously the Ann generating a lot of interest, traders, flippers, maybe some short covering, SH profit taking with the expected volume & SP spiking.
Marked up the chart below for a 6 mth window to highlight the possible accum areas of which these buyers (SM?) would possibly be selling into the spike as the volume & fomo is there. Old adage, buy the rumour sell the news.
Obviously a great Ann and result but the mkt also likes revenue as we know.
The last 2 bars show a possible sign of weakness as in Thur a buying climax & Fri an effort up fail closing low on vol. Fri bar not a textbook inside bar but damn close, adding to the considerations.
There is also the gap just below, noting not all gaps get filled of course, but they do create a psychological area to traders.
All that is not to say a collapse but def worth watching the next bar or two for any confirmation of said potential weakness or attempt to close the gap, look for support and then look to settle and possibly grind upwards from a new base.
I'll hopefully get to the laptop tomoz so will try post usuals with indicators etc. GL
MSB Price at posting:
$2.42 Sentiment: None Disclosure: Not Held
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