Next the concon will be donating to the Internet-mana party....
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Next the concon will be donating to the Internet-mana party....
Sold out my holding for a small profit this morning, until the comcom puts their stupid measuring ruler away I don't feel comfortable holding due to the fact they could try and regulate CNUs new products as well plus the extension to the FPP, still a lot of uncertainty here and not all of it may be priced in to the current price, will be back but not right now.
Bollinger bands tightly squeezed, and that 200MA is moving ever downwards.
Am I correct (with my lack of technical knowledge), that it is likely there should/could be a movement either way out of the tight bands, and its likelihood of upwards is increased by the likelihood of crossing the 200MA soon?
Any help appreciated :)
I'm having a crack, so take this with a grain of salt if I'm way off as I don't know what I'm doing ... but giving it a go none the less :-S
MT I've found the charts unreliable in predicting where the price will go, last time it looked like breaking out more negative news banged it down again it has been hugging the$1.70 level for a while now and I think news rather than charts are a better indicator on this one.
Jesus, $11m just went through off market...