Aye, yesterday's 10c sale was unexpected but not a surprise - that was a huge line waiting to be plucked. I'd even suggest that the seller and the buyer were the same party.
I still expect this to be an upward breakout, nothing has changed for me yet, this current swing down remains within the bounds, which is why my stops remain at 0.094. Coincidentally I replied to an email from a fellow holder yesterday and said that we could see a fake out lower to draw in sellers before our breakout higher.
For the record, at the time of posting this is not a breakout. There's been no pop and no volume, it's more like an ooze. There is downside risk in the short term, we are under the key MA's and as posted in one of the recent analysis we don't want to see the green w5 head below the blue e100 on the daily. On the other hand, I have mentioned many times that green w5 usually pulls back to the blue and red as they cross over.
Obviously I'll be disappointed if stops get hit at 0.094 however what the price does through the day is of little consequence, it's the closes that carry the most weight on any chart.
IMU Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
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