where to next?, page-570

$0.46c support / double bottom not likely going to hold on this volume of committed selling. Sorry LT holders. Might be a bit more pain yet . Sub $0.40c will advertise a strong oversold indicator on daily and medium oversold on the weekly too. If $0.38c range falls then it's brutal down to low $0.30c / high $0.20c range. Only an Escrow investor needing to cover their Bondi mansion mortgage would push that low knowing their broker would advise them to drip feed for higher $0.50c. No point selling down to $0.20c region really unless their mortgage is due, their son crashed their Merc whilst DD and their uninsured Townsville Holiday just literally went under ....If that's the case watch out for that Feb 2017 gap to $0.22c
On the plus side a reversal would create a bullish divergence on the MACD and RSI daily and hopefully some relief for LT holders.

GL all. Looks like the 5th and final wave down to me this week but not advice by any means. Accumulating AC8 for the next 5yrs . Very bullish on MC.