PO3 0.00% 22.0¢ purifloh limited

Expecting an open around 3 bucks, and then things start to get interesting, page-28

  1. 2,335 Posts.
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    With respect mate it's actually looking like a good setup for another leg, solid green candle followed by the requisite gap fill from open period of consolidation. If you pair that with the price action and underpinning FA, you would actually expect another leg up soon - what was scare was buying at $2 yesterday before 3:30 prior to the ascending triangle breakout confirming... but alas it didn't breakout and rally on close, breakout on open followed by consolidation and, IMO, clear accumulation - all strongly supported by FA to back the sentiment of the move and cater for the probability of which direction this breaks next.

    Demand driven by traders would dictate supply to come, so even if other traders saw this and slayed it yesterday into an overnight hold, and sold today, it's all being soaked ans as soon as supply is exhausted we should see another leg.

    Just my 2 cents, looking at a large candle and saying it's "scary" is hardly technical analysis, by that assessment you would have sold BIT at 6c after that "huge run"
 
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