phantom 8
Best to look at T/A for indications. Volume has been decreasing as seller backed off. CUY is illiquid and a perfect example of destruction when a large seller has to exit. There will always be off screen buy/sell with illiquid stock however the 100k sell orders on screen moving down with the s/p have 100% stopped.
I would look only at T/A and fundamentals to make a judgement on cuy. speculating on bob selling would need a director sell notice. Cuy not being commercial is pure guess work also at this stage.
Newtons law, every action has an equal an opposite reaction. If seller has truly gone then the only way is up. Cuy extreme oversell and U spot gain, s/p rise will be rapid.
Fundementals are okay ( currently ) T/A (currently) are okay
Fear is driving the exit and fear is driving my buying
see volume below. Note all of the last 4 largest volume spikes have coincided with 15.5c support. Dont be surprised if seller is now accumilating lol
- Forums
- ASX - By Stock
- Ann: Well House Operational at Oban
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)