It started about 2 weeks ago and it is gaining momentum, I come from a strictly T/A point of view, but as I pointed out in another post, there is something brewing.
We have seen some massive accumulation at around 20-21 cents , then the intensity has inceased. I cant tell if it is the same purchasers or "johnny come latelys" but they are still more than happy to keep purchasing at .23c
With truck loads of volumm! :-))
If the market was a nice shade of green today and we were not heading into a long weekend then we could speculate that it was just buyers happy to see their portfolio fattened with a nice safe CER speccie.
But this is not the case, market is down , long weekend here , so who knows what wil happen overseas in the next few days. So someone purchasing the big numbers are either really clever, or really stupid.
All I can do is read the charts and see that something is afoot, hopefully some of the CER faithfull, with a finger on the pulse can shed some light as to what.
DYOR .
CER Price at posting:
23.0¢ Sentiment: ST Buy Disclosure: Held