SDV 0.00% 47.0¢ scidev ltd

subtle technical strength in a downtrend

  1. 7,617 Posts.
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    I am NOT ramping up INL,but telling what I see.
    1) Bollies:
    For the 1st time in 6 months,INL moved to touch the upper band.It is staying there for a few days happy enough.This is a sign of strength.
    2) OBV:
    Strange enough (notwithstanding the "selling" in the last few months)....this year's OBV is still in +ve territory of some 15m (from a high of around 30m when the SP was 0.038)..... One would expect it to be deep in the -ve.
    Another sign of strength.
    ......
    there is no doubt that INL is still in a downtrend,but the above indicators give some confidence.
 
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