Just to add to my post yesterday regarding never attempting to pick the bottom, for those interested in investing here then the SP is currently in a strong downtrend as clearly demonstrated. For anyone wanting to "load up, top up, back the truck up" (or any other garbage saying) then you'd seriously want to wait until the downtrend reverses. I still make the mistake of getting in to early on things thinking I can outsmart the market but no, every time I try that I get smacked, the market always wins. So when the market decides that it's time for the SP to reverse, pay attention then.
This downtrend may take a bit of reversing as we've seen company announcements aren't going to do it.
Oh by the way, there is no gap in the circled area, be careful what the pretenders tell you.
Cheers.
ps. The trendlines aren't valid, they are just there to demonstrate downtrend.
IMU Price at posting:
36.0¢ Sentiment: None Disclosure: Held
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