on friday we opened with a weakness and strength built on after midday and closed to be very strong. i suspect we will open in the green tomorrow (beyond the obviously more positive market sentiment, 1.strong close on friday 2. the build up of anticipation and rationality over weekend 3. someone mentioned high closing price in germany after exchange to about 11.5 cents AUD? 4. 30 min chart just touched medium on RSI so there should be more recovery left from that massive oversold. 5. MACD also looks ok. 6. of course historical recovery from dump last sep recovered very well (however we are in a downtrend atm). IMO as long as we can finish above 11 we are sweet. I think trader will start profit taking tomorrow but hopefully will be absorbed well. 204 mil volume went through on Thursday and 77 mil went through on Friday. I think volume tomorrow will be substantially lower at sub 50 mil (still a lot of money!) but fingers crossed we can finish at 11 or even at 12! but 12 is a 14.3% rise based on likely decreasing volume would seem less likely. Tomorrow would most likely set the tone for the coming week, with any luck the stock can probably recover to 17c in no time.
anyone think otherwise? its interesting to see we picked up strength after midday friday, anyone think we will open weak tmr and finish strong?
best of luck holders.
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