When someone needs their money back for whatever reason (AXM up the creek for instance) The shares are being sold at a bargain price, the seller is in more of a hurry than the buyer so the price drifts lower, seller doesnt dump all at once or else sp would crash, so just keeps feeding & letting it bounce. chart shows a falling wedge, upper & lower line of formation decending but converging. Eventually the selling will end, a bit of 0.1 day trading will muddy the waters & people will timidly test the waters until sp drifts accross on low volume to the breakout line, after pushing through everyone regains confidence that the selling is over and whopeee dupeee dooo off we go, There's a few gaps in the high teens itching to be filled. Srong buy IMO; guessing we will cross the breakout line at 1.1 in about week from now.
SIR Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
