Chart, page-5929

I always have to admit when I am wrong, and this time I was. So I do apologise.

Despite every indicator pointing to oversold and the uptrend previously being very respectful of the chart, there has been relentless selling right through supports. As Stotes posted, this could very well be Merrill Lynch as the trade action looks very deliberate.

Next major support at 40c, which is the previous breakout point, and ironically where a gap sits. Would still classify as a higher low which is positive nevertheless.

Best,
L