Binwood, on your graph, the current small rise after 2 big days down is the counter move rest period before a further fall in TA.
I fully agree TA does not always work, but it was certainly working brilliantly for me on the upside, and I did sell a lot at 27.5, again mostly due to TA.
I have in the last year put a lot of money into PLS, swapped out to mostly AJM and then where i am at present mostly back into PLS. I have been lucky to catch the correct moves if you don't believe in TA, and will have a decent tax bill because of it, but I do hold a lot more PLS and Altura than had I just held 50/50 from the beginning.
I have no intention of selling anymore of either until at least the 1st of July, and should Altura fall to the area I think it might (but really don't want it to!!!) then I'm in for more.
Going from 1.4c to 28c on basically another couple of million dollars and a BOA is a huge move. Unfortunately we need some cash to pay at least for a deposit on the plant. Until we get that sorted, my thoughts are it will keep a lid on any share price growth. When it is sorted, we will then reach some type of bottom, before regaining the uptrend.
It's just how I see it!!
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