Hi gp,
I don't take charts, candles, clouds etc too seriously but if enough people use them I think they can become a self-fulfilling prophecy. Always look at a chart before I buy/sell and any news (or lack of) must be taken into account. Three main things dragging on the SP for me.
> market fear
> CEO selling
> lack of news
Yesterday market fear was the only one of the three to change. It peaked then abated. The CEO (and LDA) needs the SP above 46.2cents pronto. If that happens the chart will take on the 'abandoned baby' pattern. News will come next week with LDN's options (if he takes them).
Yes, you are right about the present but if the SP is up in a months time people will look back and see a sign without knowing or caring about what caused it. The benefit currently is to attract eyeballs and not much more.
Chart, page-11862
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Last
25.5¢ |
Change
-0.010(3.77%) |
Mkt cap ! $502.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.3¢ | 25.0¢ | $3.204M | 12.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 434980 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 697239 | 15 |
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