Ok depends how much higher up your are holding - It can go down to 8.2 perhaps- that would complete a retest of the initial break - which is indeed sickening looking at this chart - a sobering reminder of how long it takes a discovery to actually get to market - so PFS even if good possibly won't light up the interest ? I really don't know -
You really can't guess what is going to happen in this particular situation- rather you have to wait and see if it springs up off this level and then double bottoms and rises - the base has to be confirmed before you buy in - hard one -
Other question is how long till they can mine or make money out of the resource is possibly another way to look at things.....?
This is also unfortunately where people that have held all the way down get shaken out - as they have to decide whether they lose another half their money 'potentially'
Hard one
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- Day Trader’s Weekend Aftermarket Lounge 3-5 July 2020
Ok depends how much higher up your are holding - It can go down...
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