Hi - @ttppxxI refer to your Post #: 73811836 on 14 May 2024,...

Hi - @ttppxx
I refer to your Post #: 73811836 on 14 May 2024, about market price sensitivity of ANN's - in this case re the latest "Africa Asia Summit Presentation" :

Note from your chart (as my Commsec 3-month daily candlestick also depicts) that there were 4 bullish inverted hammers created on 03,08,10,& 13 May – which usually indicate – after so many – that under normal circs are likely to indicate a change from currently flat to upward, in the short term.

But be careful about considering leveraging downward now – given the current low SP - because of tax-loss selling likely to eventuate in the period over the next few weeks (as is the annual behavioural norm between now & shortly before 30 June).

Even if the PPSA is announced in that period & the SP correspondingly jumps, IMO that jump will only last a short while, and then resume drifting downward again, exacerbated? by even more tax-loss selling!