General Discussion Topics, page-76657

@Lachietrades, we have been consolidating for LESS THAN A MONTH.......with what looks like a possible break out this week.



We blew off the top at 37.6 on the last run up, 13/9 and headed down to our recent lows around 20, but the consolidation period started when we stabilised at support and traded within a range....for the last 28 days, certainly not an extended period.
Our previous consolidation period last from late last year to early March, around 6 months....then we launched to 39.



This is nothing compared to those long dark days......
And we are way too close to production for that to happen again...

LOW VOLUME+TRADING IN A TIGHT RANGE=CONSOLIDATION AND ACCUMULATION.

If you zoom out, It is actually a very healthy place to be.
It builds a solid support base, and signals the whales see value in the stock and are accumulating.
The whole time manipulating the price to get in as cheaply as possible, and trying every trick in the book to do it...to psyche you out...the retailer...When they have their fill, the handbrake will be released...
Shorts levelling out.
I don't think we will even hit 8%, whereas CXO got to 8.34% and LKE to 10.84%.
They will be exiting as we speak, trying to keep a lid on it while they leave. They know if they start panic dumping, all their profits will evaporate....

So don't stress, we are exactly where we need to be and in a great position for the run to Christmas..... which should be the next leg up...

Good luck everyone...