"maybe someone was trying to create a frenzy or trigger some buy signals."
hi sirdean. the buy signals had already been triggered.
since 30june you've had a rising support line,a SP dancing with the 50DMA, a higher low, a rising flag formation,an inverted head and shoulders pattern, and now MACD rising positive over zero.
since 24sep you've had a SP closing north of a weak resistance line, indicative of another northward move.
todays move is certainly yet another bullish indicator, but if you honestly don't think that all those other indicators were enough reason to get in, then an allegedly orchestrated 25% move is hardly going to convince you
i think you'll find that people these days are just a little gun-shy when it comes to putting their money into unloved speccies, they like to see solid technical or fundamental reasons before committing.
nothing wrong with that, surely?
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