Interestingly a doji appeared at the end of todays trading...

Interestingly a doji appeared at the end of todays trading (candlestick daily). It would seem the shareprice has reached the limit of what bears are willing to sell at. Combined with a large matching buy volume we're seeing the limit at which bulls have decided this share is too cheap to miss a bargain. Although it will require a bullish confirmation tomorrow, I believe a reversal is imminent(doji today plus long lower shadow previous day indicates increased buying pressure. also very far below 8 day EMA)

I suspect that the share price movement may be motivated by politics within the company rather than a reaction to the recent drop in quaterly sales or the looming speculative drop in iron ore spot price. There is a strong possibility that the shares are being pushed down before the annual general meeting on the 8th. Unless there is terrible news at the meeting there should be a strong reversal after. I think its a good time to go bargain hunting.