Chart update. Pretty ugly. Cup and handle forecast to mid 60s did not eventuate in short term, though you might argue that a larger handle is forming now over that large saucer/cup base - though I think I'm in the sin bin for chart projections. Small head and shoulder breakdown from highs with some support holding for now at 30c with potential stopping volume. Small gap filled at 28.5. Some wick action indicating some buyers stepping back in (like myself for a top up today). Ideally like to see 30c hold which is above the 25c Huayou placement. Time will tell....make sure you know your risk/reward.
Most of todays volume came from 4x +200k dumps - perhaps the same seller with little regard. Buyers stepped in and price recovered off the low of the dumps.
NZC Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
