WFL 0.00% 0.3¢ wellfully limited

buying getting serious, page-10

  1. 5,184 Posts.
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    It is because we state the obvious, a breakout was imminent due to buying pressure, as you say, all week.
    Obvious to the capping forces who want to prevent this.
    I doubt us being silent about our observations would make a difference.
    Last minutes in today's trading we could see buyers reemerge from their sidelined positions.

    Charting indicators were pointing at a breakthrough of resistence of 2.9, as after the GSK ann from where shareprice bounced off and started its decline.


    Even though I agree with Bluebush and abdm, also mentioned it in an earlier post of mine that I felt that we are held down until material news emerge, I still maintain my anticipation of shortening buying activities which eventually will challenge the capping.
    Surely, there can not be only one force at work here.




 
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