Yes it bounced last time at 10c on the assumption that the poster admittance to DART signalled acknowledgement of a meaningful breakthrough, as it turned out reality fell short of the markets assumption.
MM has always had an 'open confidence' if historic videos are anything to go by, but that too has consistently fallen well short of market expectations.
I have a strange weird gut feeling there will be an earth shattering breakthrough any day now, the massive Pharma's are just about to sign and anyone not in this to the eyeballs is a complete clown. and anyone who suggests otherwise is likely the devil or a close associate.
This is a re-test of that low and at this points there lacks any driver to score a meaningful bounce.
There will likely be a trade in it, but TA alone will not carry the day.
The gap at 6.2c is not out of the question.
Chart, page-1437
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