Correct on that statement Dentie it's quite thin on the bid side at the moment, just over 100k, so it may test the under 50c region.
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Correct on that statement Dentie it's quite thin on the bid side at the moment, just over 100k, so it may test the under 50c region.
So from a chartists point of view, IF it did break through the 48c region in a downtrend and given no new news, where would it stop?
Plenty of support at 50c. I missed this one...got in late to work :mad ;: hope we see a few more dips on the way to the stars :t_up:
Moosie, the market will assess based on what information the company and the greater market has provided. A good value investor will research extensively and be confident in that research, this is how one buys low and sells high.
Opportunities present themselves when traders swing the SP lower than fundamental value, as at present, and when they also swing it higher providing nice exit points, bless them as they provide this service.
But, I do agree that if you are ever unsure or not confident in your research than the safe option is just to do nothing.