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06-12-2021, 01:26 PM
#131
Since SP has been lower than 0.52 the relative volume sales have been very low. Indicators showing there has not been strong selling pressure at all below this level. Even amongst Omicron declines, and general stock markets being considerably lower. Slow grind, low vol has been squeezing SP to where it currently is, curve flattening. Even at 0.52 only $88k sitting on market. A lot of investors who bought in at 0.52 seem happy to ride the wave out and not feel pressured to sell off, in turn likely SP will find its dip, flatten, followed by uptrend rally over CR.
Aged care, retirement villages are still a solid option for investors, pleanty more of us boomers yet to go on the waiting lists. Growth in this sector in NZ and AUS still yet to peak.
Watch for entry and volumes if SP gets pressured down to 0.40. Buy orders will be triggered. Will be followed by a quick bounce and influx of bids, increased traded volume, as pushes back up from there for a pause back around cap raise price 0.52-0.55.
Might get to see how it plays out today/tomorrow with current on market low bid volumes, might see the squeeze down to 0.40 from shaky hand sellers. Will be keenly monitoring and looking for entry point.
Last edited by Maxtrade; 06-12-2021 at 01:35 PM.
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06-12-2021, 01:37 PM
#132
Originally Posted by Maxtrade
Since SP has been lower than 0.52 the relative volume sales have been very low. Indicators showing there has not been strong selling pressure at all below this level. Even amongst Omicron declines, and general stock markets being considerably lower. Slow grind, low vol has been squeezing SP to where it currently is, curve flattening. Even at 0.52 only $88k sitting on market. A lot of investors who bought in at 0.52 seem happy to ride the wave out and not feel pressured to sell off, in turn likely SP will find its dip, flatten, followed by uptrend rally over CR.
Aged care, retirement villages are still a solid option for investors, pleanty more of us boomers yet to go on the waiting lists. Growth in this sector in NZ and AUS still yet to peak.
Interesting you mention riding the wave out - seeing Wave Rider is biggest shareholder
I see Wave Rider didn't buy any new shares in the cap raise and his holding went from 54% to 35%
I'm still waiting for low 30's ..... hoping some punter might dump 10,000 or 20,000 at market price to speed up the process ....but if it got to low 30's might be best to wait until its in the 20's
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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07-12-2021, 11:53 AM
#133
Originally Posted by winner69
Interesting you mention riding the wave out - seeing Wave Rider is biggest shareholder
I see Wave Rider didn't buy any new shares in the cap raise and his holding went from 54% to 35%
I'm still waiting for low 30's ..... hoping some punter might dump 10,000 or 20,000 at market price to speed up the process ....but if it got to low 30's might be best to wait until its in the 20's
Quite interested here to see if 0.43 sells through (with no bids down to 0.33) where the bottom will form. A good true indicator on where lower end trough support forms. Then a base would be set which could in turn lead to trend change and a rally in SP. We won't be the only ones monitoring for this lower end entry. Probably need to be Johnny on the spot as many punters probably sitting on the sidelines for this as well. JTH are you monitoring? Is today the day, only ~7000 shares currently to clear the way. Could see some swing action pretty soon.
Last edited by Maxtrade; 07-12-2021 at 12:06 PM.
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07-12-2021, 06:24 PM
#134
jez - close 43.5 ....hmmm
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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08-12-2021, 10:37 AM
#135
Originally Posted by winner69
jez - close 43.5 ....hmmm
Looking tempting art these levels. Seems like a bit of support starting to kick into bids now, can it go any lower though? It's near impossible to pick a bottom entirely, close enough is sometimes good enough. It's dropped 20% in less than a month, oversold territory, maybe investors ready to call it and buy back in. Lets see where it closes week end and might help answer that question
Last edited by Maxtrade; 08-12-2021 at 10:39 AM.
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08-12-2021, 10:51 AM
#136
Member
Wow take a week off and a feeding frenzy develops ,Time for the reef fish to get the left overs .
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08-12-2021, 11:36 AM
#137
Member
Anyone willing to sell down to .41c
Am a bit hungry...
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08-12-2021, 01:21 PM
#138
Well done maxtrade -- you stopped it falling below 42.5 with those astute buys
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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08-12-2021, 02:08 PM
#139
Member
Originally Posted by kiwimalayalee
Anyone willing to sell down to .41c
Am a bit hungry...
Damn who bought this up maxtrade no food left now , for the reef fish damn sharks.
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08-12-2021, 02:27 PM
#140
Originally Posted by ralph
Damn who bought this up maxtrade no food left now , for the reef fish damn sharks.
there's always another day ... another opportunity for that really low buy
maxtrade can't keep the price falling forever
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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