To what extent do you think this sort of TA is accurate given that the lower low and the lower high are in the SPP period?
The SPP was at about a 15% discount to the recent VWAP at the time it was announced. A 5% increase in the recent low and high would have seen them as higher lows and higher highs???
I guess I'm asking if the chart is simply detecting the inevitable round of reduced demand (by people who can buy at a lower price in the SPP than they can at market) followed by the inevitable sell of for stag profits?
CXY Price at posting:
9.7¢ Sentiment: None Disclosure: Held