Using 40F as a guide as A40 hasn't been trading long to form any decent data.
Don't think I've ever seen the RSI level so low on this stock. From December we had the following
1. DOW market - worst December in many years
2. ORE guidance downgrade that spooked the sector.
3. Lengthy trading halt through the holiday break until mid-Jan
4. Restructuring of the offtake agreement with new pricing format.
5. New 6% sector pricing confirmed by PLS and AJM. GXY not commenting on price for the present quarter
6. Activity reports this past week
When it turns back up it will turn fast.
A40 Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held