It's fine to take a position but technically needs to know a...

It's fine to take a position but technically needs to know a good entry point. The chart seems to suggest that it will fall further. I had a look at IPOs from 2018 and more than 1/2 of the companies have fallen so badly from their original listing price. AU8 has an unusual 8c listing price due to its reverse take over arrangement rather than the 20c. This means currently it is still more thane 2x the original listing price. Their cap raising later after IPO was about 45c. The current market cap is 54.29m with about 12m in cash and in inventory. It could potentially drop to 15c by the way it is going. I hope to come back to a more attractive share price point to take up a position.