Interesting set of algorithms in the mkt at present. My guess remains that most of the triggers are to do with volume and limitations around the day's t/o. The sellers appear to be day traders - for some reason no-one seems prepared to put their size openly on the screen - Can't figure why as the algos don't get scared by other people's desires - they are automatons!
Even with the black boxes ticking over in this player (on the buy side) I still reckon that we will have a look at $0.80 again in order to form a solid base to then retest $0.93 - MACD clearly flipped over for the first time since $0.45 which is why I could imagine some short term weakness.
Robbo
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