Have to agree with you Brenden.......It was moving along just fine. But......even though I held all, this is still a share market! Something that has been governed by charting always.
We like fundamentals, we like announcements that create spikes in the charts. But they will always get played up and down exhausting especially the smaller day traders.
Not much we can do about it! Except hold, or learn how to move with and benefit from the insto's and smart money.
Today......will it be exhausted......probably not.
Will people reading the announcement become more bullish? Probably......some will.
Do the charts say it will go lower.....yes.....There is a gap that could still be filled.....There are lower resistance points.
At the end of the day........who knows???
I HOPE IT GOES THROUGH THE ROOF :-)
Cheers IMHO DYOR
CCC Price at posting:
75.0¢ Sentiment: LT Buy Disclosure: Held
