Originally posted by avagadro
I'll get the ball rolling.
Key support and resistance areas shown in green and red respectively. OBV is still up in the clouds so the recent sell volumes, as big as they feel, are still dwarfed in the long term by buy volumes.
Needs to hold this support area though otherwise there is nothing below until 32c and then some strong (and last) support at 22c.
I tend to think that if it punches through this support zone it will become uninvestable to most retail and unlikely to be any share price gains on it forever and a day.
So yeah, next week is make or break for AC8.
Back up to 49 cent tomorrow.