chart looks like its setting up for whats called "small cap effect"
It can happen in waves to the same stock
many times over. For instance a stock will usually
rally on the back of an upbeat announcement ? such
as a resource discovery.
Next the share price may fall back as the initial
excitement wanes. But because the discovery has
taken the stock to a new level, it?s not often the
stock price will fall all the way back.
From this point the stock can tread water as
investors wait for the next exciting news. This
period can last days, weeks, months or even years.
But once the next news breaks, the stock can take
off again? and quick.
For the most part you want to get in early, before
the real price movement occurs.
Asci
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chart looks like its setting up for whats called "small cap...
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