I am unskilled in TA. For what it's worth, I read the following...

I am unskilled in TA. For what it's worth, I read the following extract from a guy (not an employee of a trading service I use), who regularly adds his take on the weekly commentary of the service provider. See his comments of today, below.
I thought it interesting as it may provide an additional perspective, and would welcome any comments from any of the good number of excellent TA posters we have for CU6:

"Certain individual ASX stocks are often subjected to aggressive selling after short 2 or 3 day rallies. Trapped traders who bought much higher are eager to sell in to any relief rallies in order to somewhat reduce their losses. Some examples include ZIP, PME, MSB, APX, NXT, MYR, CU6, and NXL.
A simple trading system can revolve around the crossovers of 10, 50, and 100-day exponential moving averages. Stocks like NXL, IPX, CU6, and PME, were strongly trending up when the 10-day EMA line was above the 50-day EMA line."

Is there anything of value in the above, that sheds light on the huge reversal that CU6 has suffered, I wonder?
I'm hoping that we are at or near the nadir of this freefall, and topped up today.