"HootsWhat is your prediction for the share price in the next...

"Hoots
What is your prediction for the share price in the next six months given that you have stated that it could reach a new low. Or have I misunderstood you.

Bris - I take things one step at a time and not look to far ahead trying to pick bottoms or tops is a fool's game - The trend is your friend and its about preserving capital-

I will wait for a bottom confirmation on the chart to pick and entry - then place a stop loss below that the provides a higher reward v risk opportunity.

For now we need $3.64 most recent low to hold then ideally a hammer reversal on the day where the price closes on day high and preferably on increased volume.

For now if $3.64 fails - then $3.50 becomes the next lower valid target - then $3.20 and $3 but we are getting way ahead ourselves looking at anything below $3.50 at this point in time.

Price is now below all the EMA,s and there was a death cross around $3.98 - So no urgency to buy now . ( IMO )

hOOt