Sold out at 19.5c two days ago when opportunity came. Broad tech sector esp ********* being sold down BUD is no exception. ********* tend to overshoot both ways (when rising and when falling) so price action cant be favourable in the near term at least due to prevailing “risk off” trade. Concern here is if the 16.5c support doesnt hold- surprised to see the 1m shares buy orders at 17.5c taken out in one swoop in late trading. I dont think its a prudent move to average down at this point, agree with your point that its probably safer to buy back after further validation received (which is if any good should take out 20c convincingly), stop
loss should be in place.
BUD Price at posting:
17.0¢ Sentiment: Hold Disclosure: Not Held