Today was the highest volume since the breakout at 90c excluding 3 days (the day around $1 when there were a couple of big crosses and the two recent index rebalance days), 5.01m shares compared to the next highest day at 4.88m that I highlighted and not really any others close. I was itching to have a second crack at it late this arvo but there wasn't enough time for a decent bounce so I wasn't keen on holding overnight after a big dump without some cushion as it's at best a 50:50 on whether it can reverse tomorrow or if it needs another day down(the bollinger bands will just follow the price). It's definitely extended to the downside with the 50d up around $6.57 and even the 20d around $5.88 so it SHOULD bounce soon. How it bounces from here is going to really matter, if this company is real then institutions should be starting to re-accumulate this soon. 3 legs down and 50% off the high is a real bear market in the stock
Interesting times ahead, i don't normally try and buy lows like this but I think i'll be having another swing at this for part of what I sold up high
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