Hi Jako. From what I can see today was that there is still...

Hi Jako. From what I can see today was that there is still supply around on a high volume day. The open may have been orchestrated after yesterdays close, however a red day down nearly 5% suggested that some buyers are lurking and helped to lift the share price marginally off the lows of the day. Previous selling days to the support zone circa 20c were previously on lower trading volumes. That suggested to me that perhaps the sellers were nearing offloading. So far however, there has not been a re-test to draw out the last of any weak holders around the lower support zone around the 18c mark. If price were to retest at that level, then I would expect buyers that are around and watching and or participating to absorb any stock at that level. Really interesting to see how this is unfolding. I was surprised after yesterday that selling volumes were so high today, however as mentioned there has to be a buyer at those levels so at present there is a head on battle.
Cheers GF