KDR (ASX) Breaking Out

Originally posted by wombat53 ↑

@Zehn
You were right...the Ann. all were waiting for came out today.
"Earl Grey Update Now Due", with over 16K views.
The stock once again failed at Resistance at 62c (hi of 61.5); more than that, closed 1/2 penny above low of day (never a good thing, close at / near low of day , let alone on "good news") and fell 8% ....on the news all for which all were so anxiously waiting.
See Post 20106302
As if that wasn't enough, today was a so-called Bearish Engulfing Pattern (for those with a bent for Jap. Candlestick Patterns). Daily Chart below
{For the record, PLS also failed at Resistance of 0.68c, despite legal case finality in WA Sup. Ct Re MIN / ACN ROFR }
Do people not grasp what the market is saying here? Perhaps it was already discounted, you'll say? Could be. In which case why the hell was was it so eagerly awaited, Posted and Viewed???????? Didn't this occur to anyone?
Separately, if you really feel the "Big boys are all over this trying to accumulate more", then surely you want to follow the "smart money", not fight it...buy when others are selling ( I wouldn't , but not for me to tell others what to do). But that's your logic, and I have presume you picked up more bargains today.
As they say "you can't fight City Hall" (if that's what City Hall is in fact doing "accumulate more") - could be just normal people taking profits after exponential runup seeing a 30% haircut?? It's possible (likely).

The market is falling on eagerly awaited news, not to mention making ever lower peaks?
How does your Post make sense? (I've already covered the discounting of the Ann., above)
"It's really quite amusing to watch."
Is it still amusing to see an 8% fall on ostensibly good news?
P.S No holding, no vested interest either way, a neutral observer of KDR, and also the entire Li space.

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Wow I was right!.....lol....
I'm still long term and nothing has changed for me.
Why sell on ann yesterday? I think people were acting like 6 year olds on xmas day and expecting to open an xbox on their first present only to get a My Little Pony, don't worry it's coming you just have to be patient.
We now know that they are drilling at Prince of Wales which if they have any good hits will see they share price rocket to my predicted price of $1.07( an early xmas present!)
The Big boys are long term to so small fluctuations mean little when it comes to the big picture. Small pain for long term gain!
It really is amusing to see people get upset when we don't have 10% rises day on day, it will come as when you look at the bigger picture I believe we could have the biggest deposit in the world. Time will tell but until I read otherwise I'm holding firm