General Discussion Topics, page-67826

Not a bad day today lads.
Down, but trading in a tighter range with lower volumes and selling pressure diminishing
People have been taking profit and the shorts continue to exit to a now paltry 0.77%
This has set up a nice long legged doji.

This is a bullish reversal.

The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur. This is because equilibrium or indecision means that the price is no longer pushing in the direction it once was and supports what we are seeing.
The last couple of times this happened,(see the chart) mid July and early August, we rebounded around 67% and 69% respectively.
If the same thing happens again, we could rebound to around 34-36c within around 10 days.
No guarantees...
I was really excited by this weeks setup and so far it has been a fizzer. Profit taking and a broader sector sell down has retreated the SP and taken the wind out of our sales. 29.75/30 was the resistance we could'nt break, but hopefully this will be taken down in the next upswing.
We are seeing higher highs and higher lows, and although we have broken out of the trend channel to the downside, the doji is pointing to a bounce back to the top of the channel.
All part of the process and is setting up a very healthy chart, which should help us continue our upward trajectory.
A welcome announcement early next week would also be great...

Good luck everyone,,,