EXT 0.00% 0.7¢ excite technology services ltd

something this way comes

  1. 3,704 Posts.
    For those who use charts I would welcome opinions about the following:

    1) A declining wedge is formed and the prices are packing into the vertex, something has to blow here

    2) The Bollinger bands are forming a pincer and infact are pointing towards the vertex of the triangle.

    3) The MACD and the Slow Stochastic are not looking all that healthy but the slow stochastic is in the oversold area.

    4) The RSI is declining but is not yet in oversold territory.

    5) Twiggs Money Flow suggests an outflow of money.

    The weekly chart is in keeping with the daily charts.

    SO my view is that we are about to see a sharp movement but I fear that the likelihood of that being downward is higher than upward. This is very bad for me if it is the case.

    My problem is that it does not make sense when you think of all the fundamental reasons that this stock should be skyrocketing in the current U market.

    - Good drill results, some hinted at as being exceptional.
    - Several leases to explore over the next 12 months.
    - Uranium now at $80 per pound
    - All adjacent companies rising fantastically

    What the HELL IS GOING ON ????/



    I am open to all ideas here.
 
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Last trade - 10.25am 20/06/2024 (20 minute delay) ?
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