Today’s inverted hammer could spell the end of the recent sell off. My only caveat is that Friday’s also often result in softer prices unless there is imminent news expected.
Therefore I would suggest that maybe the Stochastic has a little further to to fall, plus the 50SMA may need to cross the 200SMA to trigger a positive move back up. So mid next week perhaps.
The next run up should set the 78.60% fib as our new support IMO.
Positive news on receiving that govt research grant should do the trick.
Ann: Pre-Feasibility Study Further Improves Poochera Economics, page-347
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