Today sp closed at the support of the descending wedge formed since 18 Oct, and a bounce should begin tomorrow, unless US market collapsed tonight. Even that happens a sizeable bounce should start early next week. I bought a humble position at the close today.
Given market needs to absorb new shares issued at 1.53, it is quite likely sp may capitulate within a month. That will offer a good buying opportunity.
This is my personal view only, please DYOR.
ERA Price at posting:
$1.67 Sentiment: Hold Disclosure: Held
