Understand ... I have been skeptical about the "funding" from day 1 ... all the longs say it unlocks the SP ... I can't see how an "international bank" will fund at less than a favourable rate to them so a drain on shareholders unless it's nearly all debt at the OCR % ... which it won't be.
Therefore who knows ... everytime the chart has had an opportunity to rally on some Tweet or another - it's failed - this time we have a definite doji signal but on small volume ... I'm picking it rallies a few cents then consolidates without news until finance news - which could still take it up or down.
Under normal circumstances it should rally off that doji ... but the longs who didn't sell in the 40's don't have the funds to buy in the 20's so there's insufficient bulls waiting on the sidelines to jump at times like these.
I call it the OZNT (and Croc really) fog ... the boats steaming along in a fog sounding the horn (Tweets) but no one knows what's ahead, all that's happening is fuel is getting used.
Charting 2.0, page-973
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5 | 620000 | 0.099 |
1 | 130000 | 0.098 |
1 | 150000 | 0.095 |
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Price($) | Vol. | No. |
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