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Short Term Trading Easter Weekend Lounge 29 Mar - 3rd Apr, page-81

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senderos

1,682 Posts.

11

02/04/18

08:33

Post #: 32163607
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Originally posted by gamefisherman ↑

Hi @senderos

Mid Feb to now appears to be accumulation imo. It is a bit gappy on top and there is a fair bit of supply to work through ranging from mid January/V early Feb. In saying that Technically I like it and can see an opportunity or two in there. I noticed that you mentioned about a pending announcement. I am not sure of your investment time frame with it, but there will be those that sell into the news. If the news is super bullish then it may just push straight through and fill those gaps in the 6c's.

Please DYOR as this is not a buy or sell recommendation
Cheers
GF

PS Will be off the air now until early tomorrow. Have a good week.

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Thanks Gfm, I appreciate it a lot.

Early Feb PSC went into halt and deal was delayed by a month that's why SP dropped into 4's. I now hope for a better outcome and more clarity.
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