ETC entertainment media & telecoms corporation limited

there is no doubt someone/thing is offloading a large number of...

  1. 2,593 Posts.


    there is no doubt someone/thing is offloading a large number of shares and has been for a few weeks.

    The share price movement has been positive in that time though.

    people/entities sell for a hundred different reasons - only one of which is they don't think it is any good and want out.

    people/entities buy for only one reason - they believe they will make profit.

    Personally I'm curious about the selling but the level of buying is very comforting.

    From a technical perspective there is a lot traffic/resistance to get through in this band between 45-55c so the longer it grinds its way through that area the stronger the impulse out the other side will be.

    Cheerio.
 
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