re: appears to be finding early support... - t4p?...

re: appears to be finding early support... - t4p? Stock_Doctor...

In DYE's case, Germany is in control...SOO however is a little different.

SOO is trading in similar volumes on each exchange...as such, I suspect we will see more of a balancing act between the two...ie, perhaps a meeting in the middle?

To be fair however, it's still too early on the German bourse to make a call.

So far, trading patterns over there have followed ours to some degree (ignoring the initial spike here), the sell-down has been measured, with plenty prepared to absorb the selling...in fact, selling appears to be losing interest now, pivoting around the € 0.205 (AUD$0.33) level.

If it continues to follow a similar pattern as ours, we can expect a rally towards the close, with € 0.22 or there abouts a significant close.

If so, we get a retrace pivot day, indicating the buyers are back in control and higher prices possible near term.

If it ends up down today however, we might want to compare the current trading to that of DYE's on their initial spike and correction...it took another week or so before the real action began.

It all comes down to who controls the stock...given the volumes trade recently, most of the free stock has changed hands...depending on who it has changed to, they may soon control enough stock to give SOO a DYE kind of shove.

Cheers!