So the old resistance levels at 18c and 17.5c will now form a v.Strong support area. ...Support at 17.5 is especially strong given it took the better part of 2-3 weeks to break up through it.
So any appraoch downwards to this area will provide a signifcant bounce back up .... May take a while for the market to realise that the days of trades sub this level are gone for the short term.
All IMO only.
GMM Price at posting:
16.9¢ Sentiment: Hold Disclosure: Held