Here's my theory, this pump was premature people got a little too excited and creamed it a bit early which was kind of expected, volumes are still too low suggesting no major movement has yet occurred, the downward correction is likely accelerated by 2 key factors, 1 - option holders taking an easy 2x and converting options causing downpressure, this compounds losses on momentum traders who took a bit too much weight too early and have to cover their trades. Next week is first week of June, results are expected in early to mid June, I think the real pre results rally is still to come and should exceed the 7.5 high probably even before we get any solid news.
4DS Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)