I was expecting the worst from the Stock offering but as vague as it was, it does not appear to have spooked the market right now
That being said, the price is only retesting the 200 Day MA from below here and also the 0.5 Fib
We would like to see this level converted to support and then we can say that the ABC correction is complete but if there is a rejection at this level then we need to assume that a further leg down is expected to the 0.618 Fib
I am adding at $11.50 if this happens and I will also consider adding if the 200 Day MA is flipped back to support.
Steve Cullip
2024-09-10 16:20:19 +0000 UTCChris H
2024-09-10 14:37:37 +0000 UTC