Hi Scorpio,
You are absolutely right that this stock is on a big uptrend.
However after that big jump to a peak of 38c the other day the stock looks like it is trying hard to retrace.
I think retrace would have been a better description than downtrend.
When that parcel of a Million shares were dumped this morning, I thought the retrace was on.
I was very pleased to see strong buying in the afternoon session pushing the share to near record highs.
Short term I thought it looked pretty shaky this morning.
Importantly large buyers stepped in and supported it at 33-35c
Long term the price is definitely going up.
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