Well now fancy that. It looks like we have been duded yet again.
Never mind it’s another week next week.
The close on the weekly chart is now sitting at support ($0.055). The stoch has nowcrossed & trending down. The only indicator left with a positive outlook is my divergence indicator which is showing the sp making a lower low while the indicator is not. That may or may not catch the sp if we continue down. At this stage it is stil looking ok.
The next support down on the weekly is the previous low at $0.052.
The daily has now dropped out of the range box I have been using & now has a downside target of $0.51 – 0.052.
The daily indicators are all trending down. The stoch is below the oversod line & the divergence indicator is showing a small kick up but is too early yet to tell what that is doing. The volume to get us this low has been dropping but is not insignificant.
If anyone has access to the broker trades on a regular basis that might show up who is driving the sp for the last few weeks. Does anyone know which brokers are selling?
I guess its no point in bitching about the board & their lack of disclosure but seriously what the hell do they do all day?
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