Chawkey it is understandable given we have landed on a pivot point/resistance point for the stock.
There are a lot of holders who want out after being trapped long after the previous buying climax and will take some concerted effort to bust through.If the SM want higher prices,, and I believe this to be the case we will need to suck up all the supply in this area.We have had a good couple of absorptive days with no interest in lower prices, imo, yet.
Tommorow we should hope, if you're long, for "reasonable" volume with a higher close or low volume down bar as if they're interested in higher prices they will not let this go too low as we saw today after we touched in the red.
I beleive we will have a good few weeks until seismic and should be re-rated at that point and maybe accumulation beginning at that point.I reckon we need over double todays volume to signify and sideways/consol stage.
All just my opinions of course. But enjoying the WHN ride and my entry point seems ideal at this early stage, touch wood.
Good luck holders.
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