I agree sugadante. regardless of who chose to take profits after...

I agree sugadante. regardless of who chose to take profits after a relatively huge move up, the reasons for holding have not changed. I am one who too profits on that move and then unwisely got caught up in the moment and bought back at 10cents :(.
This swing chart gives a clear picture of a steadily rising share price which moved to extremes, and as a result is retracing. I am happy to see that the indicators I watch are all positive ( in the bottom panel).


I think the daily and weekly fibs give another useful view here. Extreme moves will usually retrace to the prior swing high, which in this case would be .054 , as seen on the weekly. I don't like to be in 'hope mode' but the 50% .068 level for a bottom would be 'nice'.



Good luck to all those holding
Cheers
raine