you are trying to fit a "wedge" where there is none. agree with h00ts, trading side wise on news.
Your resistance levels are correct but it appears that the investors dont buy the Revenue story yet (refer to my earlier post) and wait for the core metrics (NPAT, FCF, EPS, FCF Conversion Ratio, CAPEX, etc). I do see however, a more consistent and clear SP behavior after FR.
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Updated news on May sales may boost SP over 1.98 resistance temporarily or, if the May figures are weak, a slump below 1.7 with retraction to fair value (~1.45-1.5).
Typical penny stock trading on news.
Until Final Year Report, this will be choppy and subject to price manipulations by instit investors. Low volume.
you are trying to fit a "wedge" where there is none. agree with...
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