springtree move, page-27

Just to surmise: Springtree still looking a model citizen today, again just 99,687 shares traded and closing just down to 52 cents even after a negative lead from the US that often foreshadows a sell off on small specs.

On trends: We have lamely broken the low of 52.5 cents (and no signs of a stop loss effect) so more unclear but not convincing of the lower low path so far either.

For any Elliot wave inclined there is also the argument perhaps supporting El Capo's thinking that the initial move up is a trend changing impulse wave made up of characteristic three minor waves to the 64.5cents top and we are now in a minor correction that would be expected to finish at most at the low of 40cents but likely above this.