There's a small cup forming since 14/1/2022 with 5.4c left hand lip. SP target is 5.4c - 2.8c = 2.6c + 5.4c = 8c.
Overall round bottom chart also forming nicely. The cup within is an added bonus.
Week commencing 25/4/2022 (Q3 4C week) is my estimate for 5.4c right hand lip on the cup = 5 weeks*.
*Depends on whether or not Putin launches nukes by then.
Big name suppliers also due to be announced Q4 so may propel SP to 8c target in May/June.
Sentiment & momentum should build once SP gets to 4-5c. Many buyers will be confident the bottom has passed.
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