The wall is in place in order for traders to accumulate at 10...

The wall is in place in order for traders to accumulate at 10 rather than 10.5.

A company does not do a stock buyback unless it thinks the stock is very cheap and that the company’s prospects are on the rise. With the swathe of news that’s imminently about to drop whoever is accumulating, whether it’s one or a few, have stacked the 10.5 and stack the 10 with a million or 2 buy orders a day. EUR then adds to it in the morning so the accumulators get their fill and EUR soaks the rest.

Been going on for a while and it’s trading 101. Weak hands see the huge wall and think that’s it it’s never getting past 10.5 and sell as they have lost patience and most likely a lot of them are taking profit having bought in the 6-9c range.

Why should the accumulators let it run whilst they can get their fill at 10, it makes zero sense when they can play this game and gobble up all the 10 cent weak hands. Probably around 100m so far (50 odd million going to EUR, which is great for the SHs).

One of three things will happen sooner rather than later: news drops and the wall will get pulled and the stock will run, weak hands will dry up and the wall will disappear and the stock run or EUR sensing the Saudi deal imminent will line wipe the 10.5 making the accumulator a quick 5% but once the news drops will have to buy again into the frenzy and thus help the price move higher with the extra demand created by taking their shares off them before they manage to get the free ride and sell into it.

It ain’t rocket science, it’s actually common sense if you analyse it correctly. It’s finance 101, called supply and demand.

Patience grasshoppers.