General: Share Price, Trades and chart related discussions, page-1507

It's a downward channel that has formed and has touched on 32- 33c three times in the last six or seven weeks. The 32c mark has formed a support line and also sits almost bang on a 50% fib retrace from the SP highs pre buyout of GMM. Based on chart analysis and investing psychology, you could reasonably say that if it broke the support line and trended further to the lower yellow line in the channel then traders may sell to cut losses and look for a new entry point or some traders stop loss contingencies may kick in and trigger more selling and a lower SP.

Personally I bought my first parcel in August on the first touch at 32.5c and it closed at 39 or 40c that same day, I topped up again last week I believe at 33.5. If it breaks the support I will look to top up again because from my limited experience it is starting to become oversold, and once the ore starts moving through the newly upgraded plant and out the door to clients it will pick back up. All it needs for a positive SP movement is shipping confirmation and a quarterly report of income, money talks.