CNW
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0.00% 6.1¢ cirrus networks holdings limited

Don't underestimate the sellers. They may look like they have...

  1. elphamale
    1,259 Posts.
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    16/05/18
    13:31
    Post #: 33133984
    Don't underestimate the sellers. They may look like they have migrated north but market depth can be very deceiving. Stock is now trading @30% above the 85m shares traded off market (at 1.75c) only a week ago. Suspect that some of those sophs (@55m shares by by calculation) will be looking to take profits shortly. From a TA perspective the SP appears to very overbought, at least on a short term basis.

    GLTA
    Last edited by elphamale: 16/05/18
    CNW Price at posting: 2.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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