Prices are on the retreat again, and are set to fall further following a rebound in April. Support has been established at around 5.4 cents. Quarterly momentum is flat, but ADX has turned up and the DIs are negatively placed.
This indicates a price decline. Volume has contracted, but prices should still be able to fall on their own volition. The immediate support appears at the still-rising 100-day moving average at eight cents, but this is unlikely to hold. Resistance has been established at 11 cents.
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