Alright then, analysis time again [IMG] Bullish Analysis - 68.2%...

Alright then, analysis time again

Bullish Analysis

- 68.2% Fibonacci retrace, its not smoothly bouncing off at 9.5c but its in the area so It can bounce off


Bearish Analysis
- Stock price fell under 68.2% Fibonacci retrace to 9.2c
- Since its no longer in the trend of Fibanacci we look at the support levels
- Minor support zone at 7.2c
- Strong support zone at 6c
- Trend has reversed to down trend since the trendline has been breached
- Moving Average(Daily) is 85c, however since this is a down trend, 85c becomes the resistance level
- if price bounces off, as you can see the pink arrow, that's the max it will hit
- its heading down to support zone
- IOT literally drove on random hype, there was no incredible market news, so this is normal to come back down to its average Stock price

All Im saying is save your money, DYOR