I see only strength in the background. Yes it has tracked lower since the 30/11, but they often do. Any exploits to enter this range are met by selling. Maybe it is this SM getting out, who knows. Only regular figures of whose buying/selling would tell.
The problem TA faces here, imo, is that there is no definition of improving profits/cash, although I don't follow ultra closely, I believe, it is a 2 year operating licence, hence reluctance of SM to enter with conviction.
There is some serious amount of shares being accumulated by some that believe and it will not come to fruition until the temporary is removed, imo. Many are banking on this, imo, including those in the know. This may very well be a good two year propostion ie multibagger, but it will take some very good ann. to the investment public to get this juggernaught rolling. And when this occurs it will be the wildest swinging share you are ever likely to witness, imo.
Good luck holders.
LYC Price at posting:
59.0¢ Sentiment: LT Buy Disclosure: Not Held
