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Re: JRoon71 post# 410132

Saturday, 06/03/2023 1:55:13 PM

Saturday, June 03, 2023 1:55:13 PM

Post# of 423950
Yes moving the needle now .
Where is FFS when we need him ? It looks as tho we have broken above the very short term ( 1-3 mth ) down trend line . If this holds then those short , based on TA are likely to cover their short positions .
A week or so ago the debate seemed about how soon we would test $1 .
We may now be able to break the lower lows trend at least ...so instead of the needle moving lower we may be now moving sideways to up .

I'm not predicting $5 or anything like it soon ....but if sales pick up in the UK , keep market share in the US and they can control costs / use up long term inventory ...then IMHO we have probably seen the bottom.

JMO
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