I liked today quite a lot, still 110m volume which is a lot, but...

I liked today quite a lot, still 110m volume which is a lot, but was half expecting a massive dump and fall in SP from panicked shareholders after yesterday, so it was good that it opened strong, had a nice bounce off support at 4.8 and hit 5.4c

Some big parcel dumps by single sellers (over 1m shares) hindered this as it was soaking really well at 5.1 and looking like gaining a bit of traction again, either some daytraders/short termers who bought and needed to close their position or continued manipulation to stop the SP spiking again too high.

10min Chart below, using the 10min because the stock is too volatile in how it trades that the daily becomes misleading.

Tried to break 5.4c but found selling pressure, profit takers who bought early morning and yesterday as well as those breaking even from buying yesterday on the way down. So a whole mix of sellers.

Still lots of big buying though with some big line wipes.

Held up well and closed well at 5c after yesterdays bloodbath. But buyers are still spooked and wounded from yesterday, needs to consolidate and have a break. Still plenty of drill results to come and it can't be gaining 2c every release of results, that would take us to 52c which is not realistic at all lol

Daily chart still looks good, big red candle from yesterday not great but it's deceiving because of the spread on SP and volatility from 4.9 to 6.9. MACD still heading north, EMA and MA lines are both still close together and heading north. Volume has continued to be very high over 8 consecutive trading days, with that much volume there will be so many new shareholders each day and such volatility, so be good to see less volume tomorrow and this sustain at around 4.8-5.1c

10min Chart



Daily Chart