It now has hit my target retrace zone of 2/ 2.1 cents.
Interestingly now we will have to see whether 2 cents holds.
Next resistance level is 1.8 cent, which probably marks technical short term reentry or some traders.
How about it vulture?
As mentioned in my earlier post, options trading seems to be the topic of current trading activities, they might have concluded the action for now, allowing the share to cool down.
MD shift indicates a bit more pain to come.
Former speculation regarding the wording within the latest update, that Foz will lead the next level of negotiations, might be now reflected in the falling share price as this procedure would not be concluded before several weeks from now, 6 to 8 weeks my guess.
For those who are confident in the company's progress, this retrace creates a very welcomed additional oppportunity to add to the portfolio at less inflated prices.
It now has hit my target retrace zone of 2/ 2.1 cents....
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