ebb and flows of the market I'm afraid, had a good run up. Not...

ebb and flows of the market I'm afraid, had a good run up. Not sure if management can change price action and reaction. In my view they did a good job getting it to where it is. That last pump by the rush was a bit of a giveaway in my view, price really struggled to get higher since sept which price was around 60 to 70c mark. So not surpised cap raising turned out to be what is was.

There's some support around mid 50's. Weekly cycle is headed down and last weekly cycle price went from 95c to 37.5c.

Don't know where price will head on this one, could be a quick sharp sell-off on a V-bottom but the look of the daily and weekly charts which have turned sharply down suggests we may have at least another wave down after this. Volatility is expanding. Looking for an initial bounce of mid 50's and a matter of seeing what happens after that.

So averaging in at cycle lows probaly would be a good idea. I'd be keeping my eye on the cycle low on the weekly chart. Your competing against the bots and instos here as they are now in between distribution and accumulation, evidenced by changes in market depth.