maddoctor I always think that something is going on when shares are bought below the offer price ie people are selling to them at a discount but the 10 day graph is still ok. These re-tests are essential in base-building. The thing that I do find odd is that there are no big institutions involved in seo
notice the action below the level of the base of the open white candle. The last candle is a doji. It is indecisive but the bearish line above does not look good. It may change throughout the course of today.
and it changed while I was writing this. It now looks like a small open candle. Have a look eod because that will give a better idea
just indecision , my comment friday was really because i noticed that even with the smallest of sells the bid was moved down - seemed like nobody wanted the shares
snip
Agreed - around 6p is support - there are a lot of people who stepped in around there - doubt if they'll hold on too much longer and lose their gains. Could go sailing through 10p - unless it forms a new higher low.
it was a genuine question, maddoctor. i'm guessing it's some mad fluury of sells sending the sp down even more before it starts creeping back up in anticipation of news? that's something that has happened consistently with seo. dive before news.....