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12/05/22
15:26
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Originally posted by nightflyer256:
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Still standing on 54c as a potential support level. Whilst the overall market is correcting this is still a potential close level this week. Hope not and would like to see the continuation of todays upward movement against market movement. Other chart indicators are showing very bearish signs however the RSI has moved upwards off the near 40 point consistent as an indicator for price rise, however be aware at the same time last year the RSI hit 30 and the SP dropped to 19c. If the RSI drops back this far in the near term the expect SP could hit low 40c mark. IMO. DYOR
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It appears your $0.54 support level could come to fruition tomorrow. Never thought I’d see it frankly, but this market is a right ol’ stinker at the moment.