Well looks like that weakness we had on the 8th with that huge volume spike up is still playing it's part and as stated previously I think it will continue to drive the price sideways to down for a little while yet until we get well away from it. Lot of selling going through today and so far we've seen a wide spread bar and currently it's sitting on it's low on what will probably end up at the end of the day being reasonable volume. Not good for price in the short term and I think that coupled with overbought conditions on the stochastic and MACD turning below it's 0 line may see us revisit the .165 support level. Not a bad place to buy back in though so all good for the longer term.
Cheers!
NDO Price at posting:
18.0¢ Sentiment: None Disclosure: Held
