If it goes up a decent amount to say 16c then 7c could be deemed as a double bottom, at this stage if it only goes up to 8c then a decent bottom is around the 4-5c area. thats all im saying but if it goes to 16c too quickly AND we are still in the ASX 200 (so based on current info) then shorts will pile in again most likely as anything that raises too quickly usually gets sent down again.
If it goes up a decent amount to say 16c then 7c could be deemed...
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