You said one thing there I believe is true .. " the machines will LET this run northward " .
We live in an age of everyone watching charts who have the ability to make split second decisions at the press of a button .
Even more powerful machines / computers can make trades and decisions on their own with preset parameters before we can blink .
So I'm definitely becoming more aware charts are a valuable window into seeing what the big players are trying to achieve .. rather than just seeing what has happened in the rear view mirror .
Saragian says all the time " and remember it's the closing price that counts "
And you see it all the time in the after market auctions in the daily share price and what seems to be more important the weekly finish .
Will be interesting to see if the weekly finish today can breach $2.56 / $2.60 ( will be pleased if it does ) as that might make next week very interesting , if charts are the main tools these computers make most of the decisions on where the share price direction should go .
One announcement obviously changes everything, but in the absence of that it comes down to investor sentiment and in Weebits case that has taken a bit of a hit , coupled with the shorters ability to put downward pressure on the shareprice via these intelligent "machines " .
What an age we live in !
The company itself is brilliant , but in the short term I believe the charts rule the share price at the moment as do the machines .
Hopefully we pop up on a lot of peoples radars next week as a breakout occurs .
Aimo
Dyor
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