Its only a theory of mine. The market was down over 70 points yesterday and most of the market was ravaged. It still doesn't explain why the SP has been drifting down over the last 11 days and the drop from High to Low of 1.5¢. I would love someone to give me a reason, but I cant see that happening.
Nothing has changed with minerals/lease
No bad announcements
VOL yesterday (ASX only) 82 Million compared to 5 day average 22 Million
STOCH is above, MACD well below and RSI well and truly in oversold territory at 20.6.
As time approaches closer to the end of September for the CS/SS and JV discussions, only then, will we find out the true nature of the fall in SP since 23rd August.
My comments/posts are based completely on my own experience thoughts and interpretation along with my current financial position at the time.
Conduct your own due diligence, consult a licensed financial advisor or broker before making any and all investment decisions. As usual all constructive criticism welcomed.Good luck to all that hold.
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Its only a theory of mine. The market was down over 70 points...
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