Chart and T/A, page-270

  1. 2,064 Posts.
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    @justinr Yeah, correct on the 2c mark. For anyone curious, the last 2 major dips saw the SP bounce back from 2c. We are now at the 3rd test, minus the 2 bounce backs from 2.5c between the last one and this one.

    This is more relevant for the very near short term. For those in the medium-term game (myself) the current chart won't matter much as news will eventually come from Keast & his leadership team that will influence the price of the SP.

    For now, this presents either a trading opportunity or averaging down. Will be interesting to see if it swings back up a 3rd time from this level or dips lower.

    It's worth noting that at both those 2 previous points, posters have been calling that the SP will drop to 0.004, 1c, 1.5c etc, and they've been wrong each time (as seen by the chart).

    So, you will probably see similar posts right now as well.

    https://hotcopper.com.au/data/attachments/6651/6651163-525a3e01c99652e07dfd401098a9764f.jpg


    Last edited by Sharesdude: 03/12/24
 
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