globe to undertake share buy back, page-8

Thx Yaq
Ur a legend

Thumbs up everyone for Yaq!!!

Analysing the charts and volume it is interesting to note that
1) Minor resistance @21c and Major resistance @24c. 23c threshold buyback is appropriate. This tells me someone on the directors board and/or advisor/s understands basic share trading and not overspend their CAPEX on share buyback.

2) Noting the small volumes traded below 20c, once share buyback commences after FIRB approval, there will be a spike quickly past 21c (minor resistance) and may even overshoot past 24-25c (major resistance)

3) White candles the past 5 trading days - difficult to evaluate due to low volumes except for Wednesday)

4) First time in a year the spike passes the 100 day moving average on high volume

5) Still within the limits set by Bollinger bands and RSI of 65-70 suggest this share is still not significantly overbought even after this spike

In conclusion, there may be a small pullback but i reckon there will be a significant upspike in near future to mid 20s. Topped up again on Wednesday. Easy money. Looking to sell a small portion around 25c.

Comments/criticisms welcomed