Buyers and sellers are in a stand off. Buyers want 1.0c and sellers want 1.1c. Who will break first?
Both know that the quarterly report due in 3 to 4 weeks may ignite the share price to 1.5c or above. Be that short or long term.
Short term traders would be happy with a 50% gain for a month. However they may be worried about another CR before the quarterly which would definitely impact on the potential gain. Maybe even a loss.
However, that possible 50% short term gain must be tempting and I reckon the buyers will give in to the sellers pretty soon.
I wouldn't be surprised if we see some buying at 1.1c today.
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