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re: 14c next major resistance Forevertold...Either 12.5c or 13c...

  1. 15,276 Posts.
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    re: 14c next major resistance Forevertold...

    Either 12.5c or 13c close makes little difference to me...it is the volume that I am interested in.

    2.2m so far today, les than half of yesterdays, which is less than half of the day before that...and the day before that...and so on...

    It's been 3 days since the spike and we are still only 1 point from the recent high of 14c (ignoring the single order at 14.5c)

    Today is the last day for the t+3's to exit from Monday's spike...the fact they will mostly do so at a loss might help explain the reluctance to sell below 13c.

    The stage is set...just need to wait for a few more to exit and we can begin the move to the next level.

    It's just the way it works.

    How many do you suspect are sitting on the fence, just waiting for the next clear sign of direction.

    Wouldn't be surprised to see news tomorrow sometime.

    Cheers!
 
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