I still hold and agree that this should bounce back, but that dump was institutional and we have to wonder WHY? Seems like a crazy thing to do just before the AGM.
There's no way that the chartists could have predicted this event. But I still agree with their consensus view in the medium/longer term. One thing that has happened is that all resistance levels up to .155 are now pretty much gone. Of course they could re-appear, but perhaps the larger numbers at .135, .14 and .145 were the shares that got dumped, and now we have thinner volumes at each level. Thoughts anyone as to who or what did that....and why? Cheers.
ST
I still hold and agree that this should bounce back, but that...
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