No, I haven't been following it since it began drawing out some...

  1. 19,112 Posts.
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    No, I haven't been following it since it began drawing out some increased supply, and started to roll over a bit, a few weeks back.

    Just had a quick look......

    Actually, it looks more like it ran out of puff at the previous highs (a lack of demand), rather than drawing out overwhelming supply (selling pressure).
    That is a good thing, as it suggests the holders who were previously driving the stock higher, are probably still aboard, and will most likely take control again.
    Yes there appears to be an element of potential support that can be expected, at and around, the 5cps level.
    It has not been properly tested yet (on this pullback) to see how strong it actually is.
    But is likely to be there to some degree..........

    KNM 300917.png

    cheers
    Last edited by Jako8557: 01/10/17
 
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