Not much to see regarding anything untoward with volumes on the...

Not much to see regarding anything untoward with volumes on the dailys, however the sp bounced off the upper BB's , through the 9 period MA, through the 20 period MA and then HOPEFULLY might bounce back north from the 50 period MA as support, for what looks like an orderly little pullback.



My post earlier on suggested a bit of weakness, so use that as a healthy positive instead of anything too disturbing, at present.

Sell Volumes are well below the moving average and look to be diminishing too, so the exhaustion looks more to short term bullishness, hopefully.

Unfortunately [?] there is still a little bit of strength within the RSI, so we COULD head well toward the lower edge of the b-bands to around 13.5, OR , if the US throws in the towel and sh*ts itself a little, we could head towards the 200 period ma, at around 12.5 ish, but that looks a bridge too far, unless something horrible macro financially eventuates.

That too could then be as a result of a bit of index clearout for a 4 day long weekend, more than anything fundamentally wrong with the company itself.

Anyway, there are many more charty bits that I am looking at, but being totally inept, I like to stick to the simpleton framework like I have here, and am preparing a little limit order on Friday afternoon, once we see the FED decision and what our market thinks of it.
At 14-15 cents, I believe that there is quite nice value there.

For all we know however, the world's M2 situation could already be priced in, and we open green for the weekend as well.

*(Just ONE thing to watch is the 9 day MA crossing towards the 20, and if it pierces the 20 , then the 9 and 20 too split the 50, we COULD see a sustained drop in the SP, however this is far too far into the future for concern at present , and volumes do suggest otherwise at present. )

Hardly anything to stress about really and it simply looks to be a nice opportunity to put a few more cheap shares into your back pocket for a rainy day.

[plus I'm the world's worst chartist, so just ignore me and buy some more anyway. ]