Hi @jonnie11 , I actually think you happen to be dead on the...

Hi @jonnie11 ,

I actually think you happen to be dead on the money where a few  retail holders  yesterday went on the pursuit to chase some bargains elsewhere thinking they will come back here. This also triggered a wave of stop losses on the 39 mark. A bot then started to ensure the maximum amount was paid out to those waiting there.

Little did the holders that sold know that funds were the ones doing majority of the buying at this point yesterday confirmed by a broker today.

The fact is we are bang on the attractive 50% FIB retracement level here ,we are way oversold and we are now at FILL your boots levels of value awaiting very near news flow which will continue for some time.

SIMPLE

Cheers bonkers