Daily 1m charts are good to track daily buy and sell. Here's the 1m since news broke and it rose about 200% with a paltry retrace of 18% so far.
The yellow arrow shows the
"scare dump" ON OPEN designed to shake holders out of the tree, worked ok but no falling knife. In fact 25c is pretty good after 200% rise. With lots of liquidity this will be open house for the big traders to get positions as of next week.
The next rerate imo will happen when the 39m hits the bank account for the US facility (and also Amsterdam) promised in January, they have said its released but needs to be transferred through Singapore after they return to work. So could be anytime as of next week. I'm thinking that event will send it to around 50c and that's why the manipulation to keep it down until the news. For light reading check the facilities and progress so far in Amsterdam and the US, very impressive.
All good fun, stay calm and relaxed and cast a critical on the few downrampers who appear and disappear. They will always be with us.
