4DS Chart for Long Term Holders, page-356

Well I couldn't think of a better time to post an update of my 4DS VSA chart. See daily chart below. Ultra-High Volume traded today with 119.9 Million (pre Post-Market Close Auction) on the ASX and another 48.4 Million on Chi-X. I spent most of the day wondering whether we were going to be subjected to another pump and dump like the one that occurred back on 30/09/2019. I had to wait till mid-afternoon to see what VSA indicator popped up on today's bar. Back on 30/09/2019 the VSA signal was "Buying Climax", a sign of weakness", and the following price action was down. Today's signal is "Absorption Volume" which is a "sign of strength" which suggests that we have just seen a re-rate of the 4DS SP. The general VSA theory tells us to be ready to see some testing for Supply below today's Close 7.3c level in the coming days. I also noticed an H&S pattern that seems to meet most of the pattern rules. The pattern price targets are shown on the chart. Note that the 100% level is the same level as the High of that old "Buying Climax" bar.



I really do hope that this is a genuine re-rate for 4DS, it is about time. Good luck everyone - All IMO.