ladies and gentlemen could the selling be exhausted, page-5

I know when I'm buying a stock I generally wait for a clear trend reversal. I didn't do that here because on illiquid stocks it is often the case when oversold that the reversal cleans up a lot of the sellers quite quickly. In this case, some of those on offer may have been there to assist with downward pressure, and some where probably despondent holders who are well underwater. A little support can be enough to have those holders reconsider rashly selling at the lows. That doesn't mean that quite a few might not turn up around 30c, but most will now think it's too late to move any volume before the end of the financial year. It took 3 months to properly break 30c on the way down, so I expect some resistance there and some profit taking for those who will be showing 30% gains on the high volume absorbed at 23c.

Most of the indicators look quite good at the moment, but there has still not been nearly enough volume to confirm the reversal.