Thanks heaps for posting that @spid81 and also many thanks to the author for his valuable time.
I'm not big on charts, mainly I suppose because I don't fully understand them and also I'm not sure of their value insofar as speccie stocks are concerned due to their ability to be manipulated by the puppet masters. In any event and correct me if I am wrong but a shareholder who simply wishes to take profits after a specific rise in the SP (say at 32c) can sell the stock thereby leading to a red downward candle. Others then see this happening and fear a further drop and the dominoes begin the fall, so to speak. The red candle doesn't have to be significant, from my understanding, thus one or two profit takers can essentially lead to a decrease (sometimes large, sometimes small) in the SP. What is interesting in the current scenario is that whilst some have sold out or taken profits (which would usually result in a downward red candle) others holders seem to be intent on sweeping up the sell parcels thereby keeping the SP static. I wonder if he/she/they will keep that intent over the rest of this week and next week. Time will tell I suppose but I have to say I was buoyed by the fact that it hasn't dropped back down at this juncture. Can you imagine how much the SP may possibly appreciate if some decent news hits this week or the next. I like many other would be over the moon.
I got quite a lot out of the video (incl. the discussion about gaps).
Let's hope some news of sales, successful trials and the 'mythical' bucket liners info drops soon.
Regards
Mr B
FGR Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
