re: Ann: Change of Director's Interest No... My stop loss...

re: Ann: Change of Director's Interest No... My stop loss triggered recently. 0.4 aud was support that was broken. There is several aspects why i exited
1. Financing at low price - as usual big investors wants cheap shares.
2. More than 3m dumped from director
3. Share price not improving despite rising copper price and rising ASX for weeks. Copper is at 3.5 lb/us. In the recent past at this copper price YTC should now be 0.5 AUD.
4. many stop losses were triggered around 0.4 AUD and trend traders exited because trading range between 0.4-0.5 is now broken. Traders will wait till they see YTC bottomed out. just my guess bottom could be around 0.3-0.35 AUD. There is some support at 0.37 but i doubt that will hold for long time.

I will wait on the bottom and will try to entry at lower price.