My guess is the selling over the past week was partly driven by some existing holders who partook in the raise and were happy to unload stock at anything better than their new entry as is often the case.
Obviously others well in profit also deciding to take some gains off the table.
The selling pressure has tapered off dramatically now and I imagine many of those sitting tight from here have an inkling that this one could be a game changer.
Deep into oversold now and sitting on good horizontal support
Interesting to see how many want to throw away their chances at this level, but I expect a reversal from around here
AQD Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)