We had last week a similar scenario, Monday 2.5c, Tuesday down to 2c and back yesterday to 2.5c. Today down to 2c, end of this week / next week back up to ....
If there was a forced seller yesterday and today then they could be done. Otherwise they might wait for a another big pile at 2c to dump into. But even the biggest seller will run out of shares to sell at some stage. A bit of patience and cool heads required, as always in those situations. If those shares were sold to others than to themselves ( tree shaking ) then 2c becomes the new base to go upwards from.
GLTA
W2V Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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