One thing from TA and general market experience is that down trends are cemented as down trends for a reason. They always seem to be 'shake shake shakes' but rarely for such prolonged periods is a general downtrend wrong for a reason. Even if they are wrong, they're still indicative of a downtrend which is why one waits for a turn /indicator of an uptrend. Currently the chart looks like one sick downtrend , albeit not as bad of a pump and dump style of chart like IOT's looks. I trust its downward trending for a reason... part of the reason I'm sceptical of hitting the buys for an easy 5.2 entry as the interest has just waned, I don't think a t+2 buy/sell will have the same effect as back in the days when there was a dip, as volatility then swung back the other way alot faster.
The lack of leapin news which was due abit back is also concerning... and yes,I agree that a stock with great potential fundamentals is still just that... we have a swag of company defining possibilities but in the end money speaks and as mentioned a million times - no revenue/deals signed, no reversal in the charts of significance.
Hopefully we won't be another one of those speccies that fizzles into oblivion.
XPE Charts, page-7168
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Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 34375 | 6.2¢ |
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7.0¢ | 100000 | 1 |
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1 | 20100 | 0.061 |
1 | 86000 | 0.055 |
1 | 55000 | 0.053 |
1 | 100000 | 0.046 |
Price($) | Vol. | No. |
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0.070 | 100000 | 1 |
0.071 | 200 | 1 |
0.105 | 1524 | 1 |
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