Hi folks
If the Quarterly podcast was supposed to inspire me it had the exact opposite effect. Bad signals with bells on. The thing with the shares for the ex-director is to me unbelievable.
Todays chart hit a critical point matching the recent lower-low at 0.405. After todays action in my opinion the chances of a double bottom have dissipated dramatically.
Previously I believed that once 0.405 is broken that the downward daily candle moves would be impressive in percentage terms. I believed that we will be heading to create a new lower-low and on the way creating for me an opportunity to add to my holdings at low prices. At the time I thought that the next lower-low would end up being the final turning point. In my previous chart posts I indicated this belief.
Well currently my thoughts are turning towards the experience when your driving with the GPS on and you make a wrong turn and the voice says "Recalculating"
Well I'm recalculating.
I am facturing in the potential that after the next lower-low is created that it too could broken to form the next lower low.
On my chart the green dotted horizontal line is a still unfilled daily gap that occurred in late Dec 2020. It makes me think.
First of all lets see what happens if/when 0405 is broken downwards.
Then we shall see what happens next.
Just the way I deal with the markets so that I am not surprised by what plays out.
cheers Lies
Chart, page-19866
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