A lot of that selling dowm from 17c would have been intra-day churn.
Those that bought a couple of days ago can get out today T+3 with a profit of around 30% in a coupleof days.
The buying was consistently strong all day.
So on the basis that recent T+3ers will have exited today then there will be less resistance at 17c tomorrow which will send the SP above this level until a new resistance level is found.
All imo of course.
EB
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