I'm very much of the opinion that if there is a chance SP might fall to certain level looking at the charts, most of the time it will.
However, having a look at both charts, I see the 18 cent level for MBE as a similar major breakout-cum-support as 24-25 cents is for CM8. All IMO, but many people were not expecting to see 20s after moving into 30s.
But you're right in saying there will be no shortage of buyers if for some ridiculous reason it falls below support.
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Open | High | Low | Value | Volume |
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---|---|---|
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9 | 2912032 | 0.018 |
6 | 1221058 | 0.017 |
5 | 1467500 | 0.016 |
3 | 2000000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
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0.021 | 2119161 | 7 |
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0.024 | 606883 | 3 |
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