Good post Ambi I'm not convinced our player can be so easily...

Good post Ambi

I'm not convinced our player can be so easily dissuaded. Remember the two big day plays were made on the day of the great harvest results and the day of the announcement of signing the essential oil agreement. They are powerful.

Look I could be wrong.

However today's volume of 2.5M makes me think.

Firstly have a look over the last few years of their downward plays, they tend to group a series big volume days together. The next few days will tell.

Secondly the last time the Bar chart closed fully above the 10EMA was on 22nd of August at 1.70, that's long time ago and its been running well under it since then. Don't buck the trend.

While I agree with you that a 30% drop from 1.71 last peak to a low of 1.20 this time is highly unlikely.

I am not convinced that somewhere in the 1.30s is not on the cards. I'm not buying yet.

cheers