Well, surely, technically, 13c -> 5c is a retrace by any definition of the word?
But if you mean to say, price is still considerably higher than before the pump, then I would agree, with the caveat that, in the same way you say 13c was reached with only 1 day of high vol pumping, price was only available to the market below 4c for 4 trading days for a total of ~3M shares traded. 5c is probably a more accurate assessment of where price has been trading leading into the breakout and we are essentially back there now.
MRF Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held