Originally Posted by
Maxtrade
Disappointing support broke through 0.83, highly likely back down into the 0.7's next. Those that bought in last Cap Raise probably starting to cringe if they haven't already sold out - might well have by now. See where it bottoms, stabilises and maybe buy back in then, if there is any aligning supportive updates with real impact figures. Will be hard to rally in a globally weak general market outlook. Higher growth stocks, tech, speculative are proving to get hit the hardest.
How low do investors here tend to think SP will need to go before a support level can form. Hopefully it's not going to retrace to 0.62 support level on the charts!!? Ouch!