BritishBear:
imo a fall to a 7p close would be very bearish from a technical standpoint. My interpretation of the chart (ignoring fundamentals) is that a bounce off 7.5p is very likely. (I accept this seems like splitting hairs but the recent low was in between 7 and 7.5p and this is significant.
The question is, how much will it bounce off 7.5p and I would guess at 11p for starters. I am still gunning for 13p, myself...for other technical reasons which are probably too arcane to be true - but that is my prediction.
Good luck.
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