Hmmm looks like a turn around to me, bigger things at play here than the chart lines me thinks.
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quick question. are the upcoming dividends still fully imputed?
You underestimate charts..
Charts and indicators are a graphic relection of investor behaviour...Any change in behaviour is noticed...
OBV and other money flow indicators have fired buy signals...the Momentum indicators such as scholastics are firing but the the more medium term indicator Momentum indicator hasn't yet.
Neither has the DMI or the other medium term trend based indicators..
So the risky short term punters could be in with the view they will exit with any short term sell indicator triggering...
162 seems to be the next resistance level....I guess if this level is breached the medium term buy signals will start triggering off...
Buying in close to resistance levels is considered risky...If you like that sort of investment discipline Strategy then the ideal (less risk) entry point is near support levels with stop loss in place and sell near resistance level at any hint of weakness.
Personally..I won't get excited until the trend is reversed...that is, above 170
Buyers seem to be reluctant to spend over 1.60 so could be a "flash in the pan". Unfortunately doesn't seem to be any real on-going depth in the buys. Traders trading but no real substance behind it all. As Hoop says will need more evidence before trend looks interesting.
They look to have hit bottom at 1.55. Decent volume going thru at 1.64. Time to top up
Should I have found this video amusing?
https://www.youtube.com/watch?v=5s7l...-z3BJYEXSYo1HH
If you have to ask then it was a little too understated for you obviously. I think it struck the right balance however ...its not supposed to be a "funny" video but David endeavoured to give some of the company vision and also make a point of the fact that they are NOT a monolithic corporation but a nimble, bright but fun company. I believe he achieved that in a short time..not easy to do but worked for me.
Divs will keep flowing, thats good. .He is an eccentric quirky guy(i like) and should book him into the After Market lounge sometime. Good idea to be grateful your'e still alive when you wake up each day afresh and thanking the Queen is an entertaining idea:) but singing the anthem not:(. Still watching for poss entry for a Birman inducing income.