Three sessions ago the announcement caused a gap to open - stocks closed around 0.14 the previous day, then opened at 0.17 and surged up to 0.23 before retracing.
Today it looks like closing at 0.175, leaving the gap open despite two negative days in a row and no new announcements.
I'm just wondering what the stock's likely to do now. Will it continue to slowly retrace, will it stablise around 0.17, or is there a chance this could turn into a runaway gap as late-comers realise it won't retrace and decide to jump in?
I'm a relative newcomer with much to learn, would appreciate your thoughts.
FXR Price at posting:
17.3¢ Sentiment: Hold Disclosure: Held
