Good news again - buyers have increased the bids and got SP to...

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    Good news again - buyers have increased the bids and got SP to intraday high of $1.14 today. Good buying depth developing...all the signs are there that the sellers are exhausted but this is not an exact science. Here are some clues..1) on the hourly chart at 1pm over 1.4M crossed but the price was in a tight range of 99c to $1.00 ie. almost a doji signalling sellers and buyers were on an equal footing 2)On Friday the hourly chart had a lovely pattern of three white soldiers over three hours - presaging more strength when they appeared after a low price area. The decline later that day to retest $1.00 was at low volume, no big wash out box i.e sellers exhausted. 3) The largest hourly volumes on Monday and Tues i.e over 100,000 have resulted in increased share prices ( as opposed to decreased share prices ) which is very significant. Of course an insto may decide to dump, the dude that was shorting stock all the way down may try his/her luck again ( would be a brave move )or the general market may have another correction but the clues are there that this is a genuine trend change. Time will tell ofcourse !!
 
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