Horizontal support now broken, next support at 13c. Yikes!
Based on the order book, there is a good chance we can make it there. Lets see if any buyers come in under 20c, or if it capitulates down to this next level.
Monthly chart below, one thing I can say is the volumes are super low over the last 12 months. MACD has indicated that selling momentum has let up since late 2023, and we have been in a largely sideways correction, will this be the false breakdown before we start a new uptrend.
Monthly On Balance Volume has remained fairly steady, as expected with minimal turnover.
If I was a long term investor, and I believed we will have a good road to site, I'd be going into hoover mode for everything under 20c.
(20min delay)