Hi Flasbang, The charts I'm looking at don't seem to indicate a retracement that far, but IMO (taking out other factors such as manipulation), the SP is being affected by fundamental weakness ie updates on production, capital raising, working model etc.
If manipulation is in play, bearing in mind I'm not skilled enough to assess that factor, then that should play out in the next couple of days..? Happy to receive comments on this please.
My charting has support levels around $0.10 and $0.082. Volumes were dropping away last week but rose today (I only read ASX vols)
I struggle a little with the TA vs FA argument. I may have mentioned in another post, I find a mixture of both methods helpful, as suggested by John Bollinger in his book, "Bolllinger on Bollinger Bands" as it makes sense to me to base trades on a variety of information. Any comments on this ?
All IMHO.
IOT Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
