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56.0¢ infigen energy

Good work, Endyne. Certainly a better entry than nearly everyone...

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billy duckworth

1,719 Posts.

23

15/02/18

20:05

Post #: 31088785
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Originally posted by Endyne ↑

Cheers for the info.

Forced selling? That's a buy. RSI won't/couldn't stay so oversold for long.

This looks a lot like manipulation/accumulation/tree-shaking to me. Who sits in the bid with ~3m whilst there is nothing on offer unless you're hunting nervous holders? Zero resistance back into the 60s. Gotta clear out the last of the weak hands to move up. Reminds me of GXY over the last few years. Results may be the catalyst and if not them I'd guess refinancing soon/in March. Might be some covering tomorrow before results.

Looking forward to the bounce. Already happening.

Annoyed I didn't have the fortitude to go in at 56c yesterday had to settle for 57.5. Was sweating US CPI though and look how that went...

Greedy when fearful and all that...

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Good work, Endyne. Certainly a better entry than nearly everyone else on these threads !

Having said that, breaking 70c was not good, and breaking 60c was worse. The interim result is due next week, and those selling may be aware of a bleak result. Let's hope not.

IFN Price at posting: 58.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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