As i suspected yesterday.... there was not sufficient buying to offset the large volume of sales available both off screen and on screen. The 1.5c rise yesterday was not sustained.
Today we see 6.5m shares to sell between 11c -13c whereas the buying is a low 3.3m between 10-10.5c.
I cannot see the stock breaking 12c in the short term until we get strong support.
Yes it is disappointing but i continue to hold.See no value in topping up with so much stock looking for a home.
CXY Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held