RE:RE:What the heck.... Hello again.
As I mentioned a month ago .....not good if support at 30 cents is lost/lack of buying interest. This is contributing to the selloff. And the lack of interest continues as the Average 30 Day volume hasn't been this low since Oct Nov of last year. The price is now sitting on another support level at 25.5-26.5 cents. If that doesnt hold...next stop 20 cents.
On the upside....resistance level is the old support level....30 cents. It will be a tough nut to crack getting back above 35 cents. Lots of volume in the 35-40 cent range.
Regarding election stuff.....it has been a non event. And I do not think selling has to do with the financing at 30 cents.
Unfortunately is the continuous worsening state of affairs in the handling covid19. Mexico and Brazil are the two worse countries in S.America.....then there is Argentina.....this surely has dried up buyers and encouraged sellers.
BUENOS AIRES, June 22 (Xinhua) -- Argentina reported on Tuesday 792 more deaths from COVID-19 in the last 24 hours, the highest single-day death tally to date, raising the national death toll to 90,281.
Can we just fast forward to next year!