The more I look at the chart and try to make something of it, the confuserer I get. lol.
Three days in a row of opening and closing at the same price.
Volume is holding up so someone is keen to buy as the price would be falling if it was selling pressure. (old hillbilly logic )
The moving average line is still rising nicely but the sp is now very close to it.
We actually touched 11.5c today but finished off that.
Something has to happen soon as there has to be a move up to avoid crossing below the MA line, which will mean it is starting to break down, or the sp gains strength to avoid the MV line by moving up and away.
What still concerns me is all the gaps that have not filled.
If there was bad news close I think that the price would be weak as someone always knows something no matter how tight the ship.
Lockitt
PER Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
