Closed the yawning gap at 60c - which it was always a pretty good bet it was going to do. Sentiment and technicals are horrible though. My guess is easy marking down on uncertainty for accumulation which is actually a good thing for the long term.
Since the SP is not really bouncing after closing I think this could test the 100% fib retracement at the previous low of $0.56, which might result a double bottom of sorts. Some sort of NEG resolution and some good results reported and it might be cleared for take-off. Probably some more pain to come though. It's just not gonna rocket in the immediate future given recent SP action.
There's far more to SP action than fundamentals fortunately/unfortunately. Long-term revenue story is great. Massive opportunity here.
IFN Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
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