I’m not an expert on TA but find it useful for entry and exit points. A few have already commented on sophs dumping and history repeating itself. Based on yesterday’s trading it wouldn’t be a problem if all 750m were flipped but doubt there will be even 250m flipping but like I said before let’s wait and see what notifications come out.
What I don’t get is why if they are convinced that’s what will happen why not take advantage of it and sell before the sophs get their shares? Beats me. Only thing I would add is that everyone predicting history is about to repeat itself seems to be ignoring the fact that the whole sector is in a completely different space to where it was 3,6 or 12 months ago.
Should be another hectic day whatever happens. GLTA
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