Probably more coincidence and good timing, more likely being...

Probably more coincidence and good timing, more likely being pushed up by Hartley's with those 25c options being underwritten by them and to get them into the money, add punters going for a second attempt at this for those options being brought into the money and then throw in MinRes...creates a good recipe for a move up.

If it wasn't a few days before Xmas this would have probably had a lot more volume, although $737,802 traded so far is pretty decent for a quiet time of the year and is the second highest $$ traded for any stocks under $100m market cap on the ASX for today.

Issue with that is, there's now a lot of punters in profits who loaded up at 19.5c/20c/20.5c/21c/21.5c/22c in the last week, hence my comment if the daytraders can behave it will breakout past 25c and to the 28c resistance level with a retest of the ascending triangle breakout point at 23.5c and then bouncing and pushing on through 30c in January.

That's how the technicals should play out if the fundamentals can align, which seem to so far be doing so.