It’s common for a sell down to occur when it re-opens given the circumstances. Should support be breached, holders who are unwilling to ride it out shouldn’t be swayed by the herd and end up selling too cheap. DO NOT get rid of your shares below 1.6. As you know, support becomes resistance giving you another opportunity to make your exit. So I think 1.6 cents if definitely doable. After that, there may be a couple of weeks of consolidation before some serious momentum begins to build.
Well, that’s my point of view and I’m sticking to it lol…
Cheers
DYOR...
LRC Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
