based on the high volume and velocity of the drop, and the rapid pace of the rise from 17 to 59c, it could easily retrace back to fibonacci support 48.5% retracement level at 38-39c.
the 50d MDA is in the mid 30s too so won't provide support until high 30s.
I would be looking to buy more at around 40c if it gets this low, but i will hold my existing shares purchased at 30c as there is enough fundamental momentum to drive it back up over 6-12 months to around 50c.
i predict once it gets to low 40s / high 30s at lowest that support will kick in and the momentum/ technical traders will load back up and it will bounce back up into mid 40s pretty quickly then be rangebound between 40c and 50c until the breast agreement is finalised and the next quarterly results are out.
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