June support level is around .031c to .032c (chart above is 20minute delay).
Its now trending horizontally and with only 2 days left in tax selling period, looks like it could old up. But it has dipped under .03c a couple times now.
Its likely to consolidate until news is received, with a squeeze occurring until a breakout either direction. Outside of the Quarterly in July, there may be other news on the horizon which may trigger a break from the current trend.
The re-rate journey, page-360
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