I originally though it was a large Symmetrical Triangle...

I originally though it was a large Symmetrical Triangle formation which indicated broad indecision, it could have gone either way, but on the 2 Sept it broke down through the bottom of that Sym Triangle... So I exited my small position. For me given its choppy directionless nature of late and the general bear market we have found ourselves in I decided to sit this dance out.

Preservation of trading capital of paramount importance to me... There looks to be a lot of resistance directly above 12c to 22c (6 weeks of it in fact) and a veritable void below 12c .... So on probability there is a lot of heavy lifting to be done to set a new high from this point and conversely not a lot of effort to be applied to drop her below 12c. So that's my evaluation of the probability of a successful trade here in the short term ... Or Low likelihood of success. However if you extend the time frame to the medium term it of course looks more favourable after all shares have been issued and it settles down to get on with business.

... But It could well rally from here if the company announces something out of the blue ... or if some bigger buyer is manipulating the price to feign weakness. In which case I will miss out and that is the opportunity cost I face.