It seems to not be about TA/FA nor patience or any other excuses, it's about numbskulls leaving their sell orders in the queue at too low prices all day and the stock struggling to reach higher targets.
That's it.
If everybody and i mean everybody below 3 cents down to 2.7 cents was to all of a sudden ammend their sell orders above 3 cents, you would see the buying to start higher ,therefore share price rise 3 pips in one go, that's how simple it is.
There's a real lack of common sense in the stockmarket and the ASX and instos feeds off it.
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- Morning Trading October 13
Morning Trading October 13, page-81
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