massive 20% loss in first week of trading, page-6

"One could average in, initially, I would look for support around 16.5c-18c thats then to establish a trading channel between 18-25.imo (The only point to work on is 25c and the trend, down, imo)"

AverageJoe-Its a long story.

"The only point to work on is 25c and the trend down.imo"

I'll put it this way very "roughly" and short, using the 25c point.

Already the buyers have broken it down into increments of 1/8s, 1/4s,1/3s 1/2. imo

25

1/3 being 22.56

1/4 being 21.8


1/2 being 20.25


2/3 being 18.83

3/4 being 18.06

16

Now notice the low so far and the dominate trading around 22-22.5

With the down trend it will find support-resistance at those dominate points...IMO 1/4s-1/3s

Until something takes it into an uptrend......

I missed the initial offering so I'm happy to buy lower around 18c. I'm not saying it will get there and I'm not saying it wont head lower.

Being smart would be to wait to assess any announcement and take it from there.

If the buyers are s/t traders, not insiders, they dont hang around for long if a share price does not give them quick profit.imo

Sm