Second Wave Petroleum Inc SCSZF

RE: TA

[idleSpeculator]

Lot more buying than selling at the moment, based on anticipation of income. If they deliver SRM on 28th as they have 'leaked', expect that 25% next week. If they announce a TT/SB next week, expect similar, if they miss both, expect slow drift down until they either they do deliver or then can convince the market they can deliver, and expect selling if they can't convince the market they can deliver as people start reducing their positions. Ater delivery, they require either evidence of rising income or more deliveries of income generating systems to maintain momentum. They have several already live and lined uup to go onto SRM assuming first one is successful and sabre give the nod okay sign contracts with each of them). TA imo in a company this small is useful for looking back and seeing what already happened. Their are better indicators than charts (other than for resistance points maybe) for working out where the share price might go. jmo, don't want to dis' the black art idle