Well people can put their orders in where ever they want, it's makes little difference to the market which is telling us the following;
Price is heading up from a well formed base.
Large scale accumulation has been occurring at this price level
Price has been held down at this price level, as was determined by a few posters, "the seller was the buyer"
This increased demand/interest is directly related to takeover speculation by high end investors and acquisition specialists.
The market has confidence in this new business approach.
The stock looks well oversold at 20 c being virtually cash backed by approx. $30 million
The market is making its decision in the knowledge that negotiations at present will be focused entirely on rerating the share price over the following months and beyond..
Good fortune, and DYOR.
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