Yeah. Definately not accumulation. Usually a $10k day would cause a spike in sp, but at the moment sellers absorb any buying. And they are lining up to sell into any strength.
I think 1.2 will be the next resistance. Breakeven for most punters. But I guess it depends on where sp is just prior to 31st. If we get a few up days, we might launch higher.
But can we have any confidence in no further delay? Certainly trading isn't pointing to a leak at this stage. What would sp do if the 31st is no announcement or a lame update with further delay?
Still a coin toss for a ST trade.
KAB Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held