Yes. The chart has definitely evolved into a pretty large, descending triangle.
Must admit that I am not too comfortable with my position atm. The 12.5c mark is crucial, otherwise we are back in the original bear trap territory and could retest the lows.
I'm still pretty comfortable that there is a sh1tload of bad news still around this company and the industry in general, and as such pretty much all bad news is already factored in. And I still believe in the past performance, and current decisions made by our new boss.
These are keeping me in, and keeping me hanging on until the guidance is given.
The market is usually right though, so I am aware of the risks.
Milesy
VET Price at posting:
13.0¢ Sentiment: None Disclosure: Held
