My un-educated take for today is that MM tried to push this...

My un-educated take for today is that MM tried to push this down, which is a good day for doing it considering the downturn day in the ASX.

However, they were not successful as seen in the low sells through the day. As such, I believe is supply is limited due to FA expectations eg mining license etc. A retrace on low volume is hardly something to be worried about.

Resistance at $0.365 which could be blown away once mining license news comes in. Chalkin money indicator looks like still strong buying, accumulation rather than distribution.

I expect that between now and mining license, MM will continue testing and a small retrace to test support is not too bad, especially in flushing out some nervous longs and short term traders. Overall, chart looks bullish and continued accumulation until FA news.

All imo.