New TA/Charting, page-249

Charts are simply a guide and there are tons of people/bots whose base their trading off patterns in charts, which also runs into the psychology of trading.

In this case, certain traders have bought up large amounts in the 7-10 range, made profits with the jumps to 12-12.5, have sold it down, rebought and done the same and now there is clear selling pressure, and any good news is being sold into.

The price couldn’t break through the 12’s twice now and even with the latest news it’s cooled right off.

there will be smart buyers who will accumulate at even lower prices whilst this drops momentum, and then IF the news coming is very very good, there will be a buying spike, and I think once we hit that 12 month high, it’ll be sold into yet again. Tidy up and down profits being taken by smart traders.

Due again to the amount of shares on issue on this bad boy it’s going to take some pretty spectacular news for this to burst through that 12.5 barrier

I hope, for all holders, that the updated MRE is great for kathleen valley and the news out of baldania is good too, because a lot of people are now holding a lot of shares.

good luck to all you people who are holding.

If you are a LT, it’ll be a good couple of weeks to accumulate at current and I believe lower prices till the news comes out.

All IMO