I have decided that I am sick and tired of taking one pip here and there. So I moved my sell order higher.
The chart is showing SP as clearly oversold: Bollinger bands, %R, Stochastic. For active contrarian (dog hunter) traders this is a great entry, albeit a little bit like 'catching the falling knife'. But how many pips you're risking at 0.005 over short term, perhaps one or two max.
Ichimoku cloud on the daily says SP needs to rise to 1.6c to get the first positive signal. A good positive announcement may get us there tout suite.
For LTHs who have not sold out over the last 2 months (and that's about 85% of the register), tune out the noise. It can't get much worse than it is now. So maybe it's time for SP to build a base, and rally on positive sentiment based on upcoming positive announcements. Let's face it, anything positive announced will move this.
Here's a monthly chart:
The tech is still there. We should be worth more than just the money in the bank.
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I have decided that I am sick and tired of taking one pip here...
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