We have in the main urgent sellers
continual reaching for the bid and yes there are bids.
While this is the situation what means "OVERSOLD"
The move down from the swing high contains getting on to 200 mil shares traded.
Something really changed at around the .041 level.
At least three things could have happened..
But this move down is a significant move down !
One thing for certain the move down will end !
All this ( this ! ) selling - Supply will have been met.
Will then just leave the buyers ( net buyers , They will if they want more have to reach up to the sellers then. So far they want )
At what price will it stop going down ?
When the last urgent seller Sells.
With that in mind
.032 looks very possible
If that breaks and more selling==> .021 could be a chance.
But anywhere in between
It happens when it happens !
Motorway
- Forums
- ASX - By Stock
- way oversold
We have in the main urgent sellerscontinual reaching for the bid...
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