We're probably looking at a pretty volatile week. Two forces at play here - tax loss selling still pulling the price down and news of the second indication pushing prices up.
We've seen a consolidation after the spike last Friday. Always disappointing to see half your profits disappear but shouldn't be unexpected.
My guess is that once the price drops below 50c we'll start to see buyers return in greater numbers. Hoping for another test of the 60c resistance towards the end of the week or perhaps next week.
IXC Charting Thread, page-408
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