daytrading may 8 morning, page-17

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    PRA

    Low buy interest after open.. suggests the market in large not interested. Most likely retail traders bought the open, and will chase it back down to a solid buying support.

    Gap theorists would suggest it will hit 0.037.

    It could fall even further, but my bet is it will bounce off the 0.04 level. or the 61.8% fib level from its most recent large peak (2012).

    its a large cup-and-handle on the 2 year chart too, which would suggest the price could triple from this point (if you believe charts) hehe.
 
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