How I see the AYR chart, we have resistance levels to work through. Currently holding support but a failure of .008 would warn of a retest for .004. Money flow is negative at the moment and reaching a base line of -20% where AYR has normally settled and turned for the upside.
My preference would be to see .008 continue to hold as support with volume drying up (i.e. no one else wants to sell) followed by .009 creating a support line testing .012 with a few pull backs to .009 to soak up the weak hands. Before making our real move to ???
We are likely to see intraday tests of .007 However, a daily close below .008 and I am waiting for buying at .004-.005. Much to be gained here for the patient. A weekly close below .008 and .004 becomes a real option.
My 2c (right now 2c would be nice) DYOR etc
AYR Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
