I don't do Elliotwave but what I would say is that its not...

I don't do Elliotwave but what I would say is that its not coincidence the heavy selling stopped at 21 cents (for now), its been a very key level in the past.

This market is driven by fear. At the moment the fear is further selling with more cap raise shares to hit the market shortly, however that can quickly turn to fear of missing out once spud starts and we get closer to that horizon 200 results. Some very clear gaps above us and one also below.

Given huge volume so far traded today you would hope this has been a big enough capitulation event where the sophs who already had existing shares and wanted to derisk before receiving more have sold and any retail that were going to panic have panicked, leaving us to consolidate above the key 21 cent level before heading back up as we get closer to spud, get the additional resource estimates etc. A close below 21 cents and I think we're heading to fill that gap below even if just briefly