Without knowing the content of the response letter to be issued today/tonight...., it seems that the general negative sentiment towards this sector has made many peoples minds up already in particular the short term and tech analysis investors who would have jumped on the stock during the recent surge
Expect an immediate and sharp sell off as the short term investors immediately line up to de-risk, im expecting it to settle near the 12% mark
It will create an opportunity to buy the dip and catch the falling knife, and grab a potential bargain....... if youve the balls!
Happy hunting, dyor and look into the fundementals and the board
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