The intention is obvious, expecially a lot of holders set a SL @2.2 and 2.0 before going on holidays.
With low trading vol these two days, it's like stealing shares from the unaware!
That's exactly what happen when the masses trades with fibs, set stop losses at the same fib time and time again. While most of the time it is a self fulfiling prophecy, an active period of a company doing deals behind the scene is not a risky move, especially ANP is not a leaky boat.
In ANP's case, we all know there will be a funding ann for Phase2 and the commencement of Phase2 to come in Jan. A possible licensing from the pharma who is doing a DD.
It's silly to set stop loss in this period IMO.
Just like we knew the Phase 1 result was due in Dec., yet I managed to buy quite a few of ANPO @0.5c end of Oct. Probably the 'chart' at that time didn't know about the human trial result was 4 weeks away.
JMO
ANP Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Held
