Well I am sure we all know how this weeks price action has felt,...

Well I am sure we all know how this weeks price action has felt, pretty average, with a little pump intraday off the presser. It could be that little pump a few weeks back from the investment house pumped our recovery ahead of where it sat, but either way, upward momentum has broken and reversed since that little event.

On the weekly we have broken all support, the next level would be historic at 3.8c, not suggesting it will get there, but it is an ugly looking chart and screams sell.


Daily has hit a double bottom with a slight turn, but like the weekly is below all EMA support.


Monthly the only chart that is above EMA support, looking to test the 40EMA at around 5.3c, would have a small buy around here if I was, but would stagger it down to 5 or even 4.9c. Big fail by management this week, announcing results will be released and they weren't, no impact on price though, just another of the missed items denting their credibility. There is something to be said to under-promise and over deliver, but here we have actions not lining up to words, which the most notable would be the Disallowed from 3.6c, we might be able to test that from that very price in the not too distant future.