I impulse bought a Christmas cake today. Gluten free,...

I impulse bought a Christmas cake today.
Gluten free, almond-meal base, fruit soaked for two days in Grand Mariner, and the man in front of me said his family had already eaten one as he bought two of the three that were left on the shelf.
....As often happens when I want to buy shares, I felt I had no alternative.
This is market psychology at work .

In regards NWH, I propose to you that the ‘subtle’ close - half a cent under the previous lower resistance level - was another example of market psychology..
(OK so perhaps the one in the top hat not only identified the level but also said this and in fewer words )
....my addition is to postulate the psychology is now no longer in the hands of the bad hats, but being handled by one of NWH’s big friends who it turns out is NOT away on Christmas Holidays after all.

This ‘logic’ makes the assumptions they are all not one and the same entity, and the reason the average daily price on Friday was under the closing price was because the NWH attackers did not want or expect the close to be as high as it was.
Look at the way the price was run down towards the close and then even more savagely (to $1.50 !) in the final seconds of the final minute :

I don’t think ‘they’ wanted it to be a subtle close- just half a cent under the $1.56 resistance line. They wanted to whack the price down to a terrifying $1.48, inspire a weekend of fear, and then hit more stop losses on Christmas Eve targeting the $1.42 line.
But the big friend stepped in. The auction saw just under 40% of total ‘market hours’ volume added on at $1.55.5.
(Which is where it all went tantric).
Possibly it was the same big friend who bought more than $200 grand’s worth of shares off market at 11.40 am on “Grinch ” Wednesday at the fantastic price of $1.73 ?

Anyway my theory is that now the bad hats also know who is running the show.
The ball seems to be in their court with the close, with what they achieved on Wednesday, the overall market and holiday season plus everyone has been shazz buttered into expecting the overall fear and loathing to continue into 2019 .
But this is NOT a retail exercise and the reason so many smart funds are cashed up right now is to take advantage of exactly the opportunity NRW is currently presenting.

DISCLAIMER: I am often motivated by impulse and confirmation bias, am frequently mathematically incorrect and incorrect in many other ways too.... and a more expert person has said the price may go down more.
I just don’t want it to.



Here’s the way trading went on Friday, but not the closing auction :



Cheers