Pantheon 6 straight days now of SP decline and the last technical support sitting at 32.5 (78.6% fib) may shortly be broken and then its a clear drop to 100 day sma at 26.1p.
Add to this, the MACD is about to provide a bearish crossover Will day 7 see the continuation of the decline?
A close today of 32.8p shows the support is just hanging in there. Will it continue to hang in tomorrow? If it goes down the drop could accelerate massively
Maybe best for Panr to place now before giving away greater dilution.
Ann: Hickory-1 Flow Test - Second Light Oil Discovery, page-143
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