85c mark was a key technical support and was honoured briefly. Made a little on the bounce. downside was right, I bought back again lower but then sold for a small loss when the 'support' failed.
It was handy that 85c was significant though as it confirms that the overall chart is still relevant. Need to look for a new low now though as we have a close under 85c which suggests (as you propose) that there are more lows ahead. Either way, my trading rules say " When in doubt - get out." And I'm GORN baby!
AWB Price at posting:
70.6¢ Sentiment: Hold Disclosure: Not Held