I trade using TA and got caught very badly in “sell the news” dumping in FYI…..Now, If there is any chance of this coming back in the mid term, it needs to cross 42.5c and hold that for a couple of days…..looks like there is only a very slim chance of that happening…and for the long term health, it needs to close at 56c or above by Nov end….don’t know if that will happen given the slow and steady whittling of price that’s going on right now. I will hold on to see what happens for a couple of months as this is in the right sector…has derisked to some extent with ALCOA behind them, while they have written away 65% of the company in this bargain, the remaining hopefully is worth a few bucks! I am going to average down when it starts an uptrend…..should be selling if I think it’s going down, but just cannot get myself to put the sell order in….Damn!!
GLTAH
FYI Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
