From a technical POV, once 0.345 was broken yesterday, it was time to lighten positions (and get ready to snap up a few at a cheaper price)...which is exactly what happened. Today's weakness was a follow-through from that IMO. Whilst it was good to see 0.30 hold (at close) and whilst the short term RSI is oversold (possibly representing a bottom), based on today's increased volume and close at or near the daily low, some more downwards pressure is possible. For now we remain within a bull flag (accumulation) formation within a larger bull trend, however, there remains a possibility that the sp could return to support at around 0.25. This would present a fairly low-risk entry opportunity IMO. GLTA.
BUD Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
