The Bottom was defined as the 6th, when Yesterday (7th) the...

The Bottom was defined as the 6th, when Yesterday (7th) the price Bar closed inside the previous days price bar forming a inside day.

The Bears were unable to make a lower low and instead the Low of the day made a higher low in relation to the previous day.

This means the Bears had less power on the 7th than they had
on the 6th.

The Inside day usually represents a pause in momentum and a Equilibrium between buyers and sellers, however because the bar formed a higher low the balance of control has turned over to the Bulls, Today the Price has tested yesterday low which is providing support.

I play these reversals all the time, I am confidant there will be good returns from this 16.5c-17c level.

Mean Reversion will be somewhere around the 27c Mark

The Price Remains Technically Oversold, the Selling Momentum is Out and a Mean Price reversion will occur.

Its possible there will be some Churn before The Mean Reversion as Perpetual clears the last of its holding, this will give a brief opportunity to acquire at these oversold levels.

(Disc Hold 16.5c - Not Advice- DYOR)

AA