Nobody really knows what will happen, I reckon a lot is based on perception of probability.. Odds seem to be for the extension to go ahead, and if it's 12 months maybe we will see a good quick return.
I'm learning TA myself, but agree it can be less valid when there is news imminent, look at what happened when the rumour of takeovers hit the market...
Just rollin' the dice here...
;-)
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Nobody really knows what will happen, I reckon a lot is based on...
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