Well didn't that escalate quickly, seems to be some motivated selling on market today.
Will be interesting to see the price action from here, I'd like to see it hold the short term SMA's at 6.4c that it has just touched. On a positive note, the price action has closed a gap that was created earlier in the month at 6.5 - 6.6c.
Would like to see a close of 6.5c or better, otherwise a re-test of the 6c mark will be on the cards before another crack at the 200 day MA - 7.5c
Setup looking positive for a larger move, page-2
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