Hi FolksWell I am going to break my chart post into two parts....

Hi Folks

Well I am going to break my chart post into two parts. Normal technical chart tomorrow.

Firstly, I seems that the banana predictive comparison chart was just stretched by that waterline. The critical fall into the high 20's was just delayed.

This will be the last comparison chart post before I travel.

The timeline has been stretched, however its still continuing to tick boxes, but in general looking forward ( if there is no significant IP news) then trend is lower towards the end of the financial year, so June July.

There are some bounces along the way, but the overall trend is down.

In an earlier post I talked about the possibility of a bounce from the quarterly leading into the AGM. Below are two charts the first from 2022 and the second from 2023. Easy to see the disappointment after the march quarterly results in each year. Then the bounce in anticipation of some news revealed in the AGM. Then the drop associated with no news, Post AGM

So far this year 2024 chart (third chart) is following the previous years charts.

Charting is all about pattern recognition. So I would not be surprised if we see a bounce leading up to the AGM on 21 May. So about 10 TD's to go.
Size of the bounce? Maybe a bounce up to that last waterline 29.5-32. In percentage terms 24.5 to 30.5 is significant (25%) , but may not so much after the drop we have seen from 53.5.

Tomorrow I am going to take a look at the weekly charts and what it reveals.

But DYOR.

cheers Lies