Chart Update, page-751

Hello Parma it’s exciting when the big guns come out to play isn’t it
And so much else is going on !
Somehow I don’t think we will have much time to catch our breath with the RCR acquisition ..


Today we have already seen highest volume since the shorting attack of 19 December

Here’s the sales history with the high volume shorts day circled in (ridiculous) red and the previous high volume day (when Paradice dropped out of substantial holder status in a huge after market trade) circled in (parlous) purple :



I was expecting the volume of buying we are now seeing to happen at recent lower prices which shows how little I know once again - clearly the institutions were not fooled by the pre-Christmas assault on their stop loss buttons.

Right now what I do see is that technically we are exactly following the trajectory drawn up by Saragian “...once the NWH share price moves (convincingly) above the $1.95c. level, only token resistance will be offered at the previous high of $2.17c....”

I am feeling pretty convinced right now although not sure technically how many times we have to pass the ‘sleep test ‘ before the market agrees with me.
Cheers