An interesting coincidence today with the 200 day MA and horizontal resistance both coinciding at pretty much exactly 58 cents. Today was mostly about the market and some selling would be pretty hard to avoid.
However I think the outcome was pretty good considering the market conditions. A couple of dumps didn't help but it was comforting to see the series of sales at 54.5 cents right on the close were ultimately gazumped during the auction with the 56 cent close.
Daily COB July 18th
TA discussion, page-5368
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