I would expect abounce after today and then a pullback from around 2.4 and a retest of today's low....that doesn't mean it will play out that way of course!
Watch for a break above 2.4 on strong volume which will confirm a continuation of the long term trend...
I would say that any lower SP action accompanied with high volume and closing at the low would indicate lower share price movement....There could be a small spike to 1.6 but I certainly wouldn't be holding MMZ if it closed below 1.7 now..
I went long today at 1.8
cheers
MMZ Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held