The slow stochastic moving up has correlated strongly with the SP moving upwards on this stock. It has been trending up for a few days now so perhaps we will see some movement soonish.
The retracement has been on very small volume and we have had a fairly consistent trading range for a few days.
It looks to me like we are pausing for breath and awaiting:
a. the prelim results and further cash update
b. new/significant contract signing
or c. both.
We could potentially have both quite soon.
I can't wait for the profit statement and the official 2010 forecast. It should knock the SP out of the park.
Frustrating to watch in the meantime.
ETC
entertainment media & telecoms corporation limited