I think it was a bit of a false dawn. Some of the buys in the 70-71 cent area were pulled on the open & only a small amount of trades went through. Will be interesting to see if buyers come back during the day.
Would have liked to seen the support stay.
I think it will go to slightly lower levels until some of the uncertainty re payment is clarified. ( I picking support around 65-66c)
Sold out before the last leg up as unfortunately needed the dollars for other opportunities. Looking to get back in at some stage. Headed towards closing the gap (in theory)....but would be surprised if it got back to 56c.
Put together a quick chart with some indicator & see it as downward at present.
Still believe this will happen.
M
CAP Price at posting:
70.3¢ Sentiment: LT Buy Disclosure: Not Held
