Short Term Trading Week Starting: 08 Feb, page-119

I've mentioned a possible tree shake over at ONE a couple of times. Here's the hourly chart.



Over a 7-day period 233million shares were accumulated by the pros - to be specific ...



The last two days have seen the price pushed down through the trading of only 15million shares. In other words the pros are still holding ... but they are accumulating, and don't want to pay too much for their shares.

There is an obvious strong support level at 10 cents. THEY know that.
Stop losses will be set at 9.5 cents. THEY also know that.
A push by THEM down to the 9.5 cent level would trigger off the stop losses. Panic may also set in, and a sudden drop to the low 9's or maybe even the high 8's might occur. THEY will hoover up all the loose shares from the weak hands. The SP will bounce, and THEY will continue hoovering.

I'm hoping that 11 cents will hold, but hope is not a good strategy.

This is in THEIR hands now. Mums and dads and novices might be in for a very painful lesson.

Unfortunately this is the game, and this is THEIR game.