The price has done a dead cross ( cancelling the Golden Cross ) at about 8.7c to end up well below the moving average.
The sp shot down through the 8c line which many, I am sure, were hoping was support.
It recovered to 8.3c but remains below the moving average strongly so I would think it will have trouble regaining it's previous level from here for awhile.
The lift to the 8.3c line was during after hours trading and maybe someone thinking they could manipulate the price to improve the look of the day's chart. It won't work on volume like that.
That will take positive news I reckon.
On the positive side, this current drop could be seen as the handle to the cup we have hoped for, but personally, I would like to see it drop enough to fill the remaining gaps.
Anyway, it all looks hunky dory to me, we just have to wait.
GLTAH.
Lockitt
PER - Megathread, page-241
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