monday night chart - 10 august

Good evening all,

Today's close indicates that there is now a real probability that the share price will retest the support of the lower blue line (that is, in the $1.18 region) before moving back towards the median line of the blue pitchfork. In other words, it is now less likely that the price will resume its upwards movement of one week ago without first retracing further. The Williams % R and Slow Stochastic indicators both support this view.

Like all of you, I am very disappointed at the market's reaction today to the PFS - a document I saw as a very positive outcome. I won't speculate on which of the possible causes for today's drop in price is the correct one. I guess it really doesn't matter. The result is the same, regardless of the explanation.

On the positive side, those who wish to top up may be able to pick up some more around $1.18 during the course of this week, about 12 cents a share cheaper than a few days ago.

Regards,
Bones