Thought I'd drop my quick TA thoughts (for what it's worth - it can sometimes help). Refer below: 1. Candle patterns very similar pattern to feb/march period (both have severe pullbacks from highs to lows). I'd expect circa bottom 0.015 (possibly exhaustive gap down into 0.013....slim chance, but always possible). 2. Volume decreasing (obvious to everyone). Offscreen trading (Euroz) has been able to grind it down and clean up circa 200K a day for last few weeks. 3. Oscillator clearly indicating downtrend (no sh8t sherlock), but is decelerating, as indicated moving past 0.000. 4. RSI, moving towards the oversold area, very close to the bottom of the last downtrend in feb/march (if these patterns are deemed similar). 5. MACD, clear downtrend, but would appear very close to bottoming out.
Approx 3-4 months of consolidation between bottom of last down trend (Feb/Mar 23), until resumption of uptrend in late June23. Given news incoming (if positive), I'd imagine we'll have bottomed by end of Sept; and resumed uptrend by Nov. But who knows lol.
I often find when it gets the most painful/frustrating; it is typically the time to buy (but that's just my approach. After much learning).
PCL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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