I'm inclined to think a re-rate will drive down to 1.5-1.8c as support as soon as the market has another few down days. This personally I think is good news as churning through even 2 tenths of the register in one day means a large sell sentiment remains from those possibly taking profits from 1.6c drop over the past few days.
If we sit at those support levels the stock is still up over 2x what it was this time last month. A large buy volume over 2c should equate to seller volume drying up and in-turn mean that as positive announcements keep coming the price will move up more gradually. Today is definitely indicative of this, accumulation by the retail market while the larger buys over 5-8m shares have dissipated.
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I'm inclined to think a re-rate will drive down to 1.5-1.8c as...
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