Hey Hingdog,
Update on the weekly. Not as clear as your charts, but the 12 month consolidation is obvious and solid. Clear breakout from the Jan high downtrend. Hard to even call it a downtrend. Seemed to get away from itself in the general market euphoria. Needed more time to consolidate which it has done while Stage 1 was successfully implemented.
Market now appears to be comfortable with progress and rewarding commencement of Stage 2.
Long term red 200MA is powering strongly upwards. SP also now back above the 50 and 100MA
39 - 40 cents is the immediate short term target.
Material announcement(s), hopefully with indications of revenue potential, should provide the necessary catalyst for further gains into a higher trading range.
.
Add to My Watchlist
What is My Watchlist?
