While it's possible there may be some short term weakness in the SP I wouldn't panic just yet due to a sell recommendation by a certain publication.
Notable sell recommendations from this same co. over the last 12 months include
Ramelius Sell at 0.69 cents then ran on to 1.70
Lynas Corp Sell at 1.44 then ran on to 2.60
Alkane sell at 0.90 then ran on to 2.63
And I could continue because there has been a list of similar examples.
Of course there have been those that went down lower also.
From my interpretation of the chart the price could drop all the way down to 3ish and the long term up trend would still be in play.
A logical place for a bottom short term would be 4.1 to 4.2 cents its the 38.2% fib retrace from the 6.7 peak.
Historically looks to be potential support/resistance around that level also.
Of course it may not drop at all.
Good Luck.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
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View Market Depth
No. | Vol. | Price($) |
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2 | 26000 | 0.014 |
5 | 407289 | 0.010 |
2 | 430000 | 0.009 |
2 | 182500 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 3 | 1 |
0.020 | 10000 | 1 |
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0.025 | 6701 | 1 |
0.032 | 617 | 1 |
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