Hi AJ,Taking into account, i have no background re the company...

Hi AJ,

Taking into account, i have no background re the company ... purely looking at the chart (excl. any catalysts/triggers for price increase)

- i think you are correct re 0.6 ... it depends how fast/hard the price is driven down when it gets to the 69.8 area ... but yes, 0.6 would be a good entry for a trade, however if the price is not driven down too hard then it will bounce of 69.8 and come back later to 60 -> if this happens then it area would have been tested, and it will likely then go to low 40's
- I expect a decent bounce for a trade (not lt investment) around 69.8 ... i dont expect it to hold as there seems to be resistance forming on the way down, coupled a what seems a fairly strong rejection of higher prices ... although i dont like trading against the flow, might trade this one ... it depends what the resistance structures and candle formation looks like at the time whether I can get at least +100% for the risk ... if i take the trade my entry would be 0.698 with stop0.552 ... you can see the grey line as entry and the orange/brown dotted line as stop
- with the current tech sentiment (excl. triggers for sp increase) i dont expect any rally to hold (short term) ... but this is just my quick observation and as always been wrong many times b4
- if there are not triggers for sp increase then i expect this to get to low 40's eventually
- having said this, i also see short opportunities, hence i think this is more for trading short term (excl. price increase triggers/catalysts)

just my 2c & hope i make sense