Desall, the Fibonacci retracement levels from the low 1.3c to the recent high of 4c are:
3c (38%)
2.6c (50%)
2.3c (61.8%)
Any of these holding on low volume would be a good sign of higher prices to follow, the supply needs to be tested before the smart money will bid it up.
Also maybe a lot of yesterdays volume were short term traders taking profits. No damage done.
