So 172K short sold yesterday from 1.54M shares sold. Confirms...

So 172K short sold yesterday from 1.54M shares sold. Confirms for me it was a combination of profit taking (too late now), hot money and amateur retail being caught out and all helped by an accumulator pushing down the SP with their algos to trigger stop losses in the hot money/retail group.

Currently showing signs of a double bottom and also at support level (also 50day MA on daily chart) prior to P2 announcement this week. So you get a free P2 positive trial result, atm.

Currently needs to break and hold VWAP which has been the algos selling queue for the last few days. Volumes today are low, so panic selling has subsided and no profits to be sold due to the SP being down here. Doesn't seem there is any urgency to buy, either. So consolidation until then. There will still be profit takers and less panicked holders who bought high which will slow the recovery. Plenty of them trapped. But not much stopping a 10% type rally in the short term once everyone realises the shares aren't going to get any cheaper.