Agreed, theres no point in giving out token excuses or rationalising the next big thing. No matter how good the project is if big players arent supporting theres nothing retail like us can do at this time. Price is going to continue on the downtrend and announcements aren't affecting price anymore. We've seen it in the last couple of announcements - a modest gain in early training followed by mass selloffs likely by retail cutting losses.
Sophs are happy sitting on the sidelines, they haven't seen the indicator to jump back into the sector. Sentiment really is important and with technicals ending clearly below the 50day ma it really truely isn't looking good for atleast the next couple of months. We are unlikely tor see the bottom soon.
Honest advice, if you aren't comfortable holding and staring a big loss everyday sell your position from here we might test 200day ma.
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