IMO things seem to be trending really well here. Looking at daily price movements is pretty redundant with SEI due to the illiquidity, the spread is sometimes 0.5c which is like 16%!! lol
An interesting point to note is that SEI found support around a week before the market did. Most small caps accelerated into capitulation but the good ones didn't. We then spent 2 months trading in a range around 3c, I would consider 3c the current intrinsic value of the company. The directors identified this as they were also buying within this range.
We now have a breakout of resistance and possibly a new higher weekly swing low, an up week next week would confirm this, given we closed the week near the high I would say that is likely.
It's interesting to note the size of the rally we've had in the past proceeding such extreme weekly oversold RSI conditions .
Sentiment changed to buy.
