hmmm....low volume decline but the flip side being that it hasnt obviously gone low enough to get the 'bulls' stepping in to buy. Fallen below trend now, and sitting at 50% fib retrace off the rise from the may low. Looking for it to hold support at 70c ish and buy on any hint of a bounce., but also prepared to cut bait here if the SP doesn't respond.
Cant see why it shouldnt hold as nothing should have changed with the business for the worse. Below 200k marketcap so imo there is still value to be had here.
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MYD Chart Thread (Daytrade/Swingtrade), page-12
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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