Behaving exactly as I predicted earlier in my post.. laughable comments about 5.6c resistance.. My chart showed the obvious and I was right
Already 5.2c - down 7% in the first 30 mins... the question is not only the drop as I pointed out, but investors like me have lost confidence so are NOT interested in buying this falling knife until we see recovery.. the bounce (if any) will depend on who is prepared to buy this....
I do think it will recover, I mean let's face it IF the 2million shares at 5.2c get sold into, this thing is not in trouble, at that point it would be in freefall to 4.8c... GLTA
