To me it seems a larger player, for example an institution or ex director has instructed to sell down slowly for whatever they can get. And in the middle of it, some retailers are also letting go.
Only buyers are those that are trying to catch a falling knife. Yes it is clearly oversold and below value but the seller(s) is not having any patience. Today was a perfect day for SP to go up. It looked that way early in trade but then sell down occurred. It destroys any confidence
of people on sidelines.
IMO this will go up after the AGM. So if you are on the sidelines then get in before AGM. IMO only.
that’s my game plan anyway. Hoping it will hit my .045 order.
