I think the 42.5 low last week should hold. It was also 38.2 % fib retrace. Remember that almost 1 billion shares have already been released last wednesday on to the market. Another 443M due to come in a couple of weeks. I cannot see the underwriter selling for a loss and if the price remains down all week they should be taking a large portion of the remaining.
I think the 42.5 low last week should hold. It was also 38.2 %...
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