The pumper/dumper appears to be done for now as SP appears to have found a temporary base at 1.4 (which may need to be retested in due course). This is reflected by the sideways movement that i referred to in my previous posts which can possibly highlight the range and stage of the reversal.
Now just need some volume to tread through some overhead supply who have been burnt from the dump and some traders betting on the fail breakout.
If 2c breaks successfully then it may run towards 2.6.
But also be wary that a successful break and close under 1.4 can send this back to around 1c. Not so likely for now.
Still not much update from the FA side of things.. but assuming that TA correlates with FA, it is holding rather well around these levels. The perceived low MC atm is doing some favours in that regard.
