Been oversold heavily. Will likely see 1.33 before moving back up. Entry here with a stop at 1.29 is low risk given recent cap raise. Any news will push this share price easily.
You would have been happy with your return on this yesterday... this kind of trade makes me think about others that have similar chart set ups like CAN for example - I'd be interested to hear your opinion on that
Cheers
@henrymorris1999, i personally wouldnt touch it until it gets above 36c.. made a new low recently so signs of bears being in control. Alot of stopping volume which is a good sign. But there is better risk reward if it goes above 36c first.
@henrymorris1999, if only i was in it 😉 i saw the volume increase on the 15min chart but never took a position.. ill look for an entry next week i reckon, let it soak at these levels for a few days.
Cheers