From what i see it could be a healthy retrace from a bulls run which is quite normal!!
I dont think this has retraced because of 2c capital raise as it clearly states this is minimum requirement of asx and if the fundamentals of a stock are very good then it seriously doesnt matter in my opinion the sp will keep moving north !
By the looks of it a reversal could happen in a few days and once 3.5c is broken i think 6c plud could very well be on the cards!! This has been soaked very strongly at low3c level now it is just a matter of when the big boys are going to let this go ☺.
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Breakout at 1.3c on Vol upTrend coming ??, page-564
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