Learn some TA and stop repeating your mantra Lev. Its a goddamn head and shoulders pattern. 6 months of a trading range has been destoryed this week. We had NO reversal even on Massive US and ASX green days. We even closed HARD RED. Its not a tree shake. Its funds and brokers dumping their shares. Spheria Asset Management Pty Ltd have been selling down all year, and since the last disclosure on the 1st of FEB they are now under 5% and dont have to update the market. This is the only logical guess to the share dump so close to EOFY. We should return as usual with a run to the August results, but I have lost all hope of it getting to 1 dollar. 80 cents is a maybe but if they dont update on dividends, this stock will be useless to hold for any broker.
SWM Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held
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