SAS 0.00% 1.6¢ sky and space company ltd

4 cents sas ?, page-34

  1. 556 Posts.
    lightbulb Created with Sketch. 98
    I think what @verce is saying is that:
    (a) you can't learn from the past and
    (b) you especially can't learn from the past when it is represented graphically and
    (c) you can't learn from the past (or whoops, did I already mention that 'cus I forgot (a))
    (d) and to be thorough I better generalise and not believe in other charts either like weather charting which is cool 'cus it's looking sunny no need for an umbrella
    (e) people with jobs like statisticians and quants are fakers...

    --
    downtrend channel started feb '17 still going (the trigger of the downtrend was traders selling into a successful launch)
    funding still a problem
    real ANNs dried up
    GOMX sp (SAS nano sat manufacturer) looks like crap too...
    RSI oversold below 30 - happened 4 times since feb '17 - not a reliable indicator for a reversal
    OBV still descending showing more sellers on balance than buyers
    ADX showing downtrend still strong

    this may turn but unfortunately nothing here to suggest it at the moment
    in some ways stock is back to march 2016 status trying to get funding to launch sat constellation
    this is so grim no-one's even bothering to prop it with talk of manipulation or accumulation...
    who would have thunkit a return to sp .016 - .02

    consolidation / a Gom X deal - who knows what's next...
    Meidad Pariente seems like a nice guy, wears a cool space tie,
    in the absence of an ANN the technicals are telling a tough tale
    bleph, peace out..
 
watchlist Created with Sketch. Add SAS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.