Jako, I realise I constantly pester you, but if you get a chance to share your thoughts on the updated chart it would be much appreciated.
If one was to follow VSA, then intuitively this looks like a classic case of the SM testing for supply for a few days and then trying to gap up the stock through resistance by releasing rumours through the press. Having said that, if the SM was truly "smart" then they would have realised EXS would halt trading and deny the rumours (given they have done this before).
Nonetheless, you would think that with the vote only 9 days away, that supply would be fairly thin at the moment. Hard to imagine why anyone would sell with the CCP sale so close to overcoming what the market perceives to be the biggest hurdle.
Cheers
EXS Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
