bones131, page-12

Ingmhq98

The chart above is only one possibility for the retrace level. 21c is on my wish list. Longer term the fundamentals should take it higher barring a market crash.

This stock is all over the DT thread so that means day traders everywhere will be all over it, some of them will be T+3 traders. The only support the price has between 21c and 29c is the buyers over the last two days. Some of these will be LT holders who won't care how far back the retrace is they will just hold and top up. The T+3 traders will have to sell at some stage before they trigger payment so there will be a dump at some stage. There are more assays due so this may give some support. Have a look at the AVB chart to see what can happen.

You can also look at fib retrace levels for short term support.
Overall fib retrace levels from 31.5c high to 5c low:-

23.6% = 25.25c (where we are now)
38.2% = 21.38c (bottom of the old gap)
50% = 18.25c

All this is my opinion and I could be wrong. We'll see how it pans out.

Rhodes