ZNO 4.35% 2.4¢ zoono group limited

lighten up blue chips calls go overweight spec, page-3

  1. 2,541 Posts.
    GSE hasn't responded because of the large resistance point at 15.5c. It will take a bigger build up of buyers or a decision by one of the main sellers at this point to relent and hang on to their shares. Once this happens, you won't see the small sellers dripping in at the intermediate 14-15c levels, as they will hold out for the rally.

    The lull bodes well for a very big rally when it does happen. Its a good risk/reward play because of the Director buying. When the price goes skyward, nobody will be able to complain that they weren't warned. Directors are signalling that this is buy time, whilst probably using some related party stock to continue intimidating holders into selling at a rather undervalued level.
 
watchlist Created with Sketch. Add ZNO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.