My short term view as per below. We are in a downward parallel channel which is a good thing as its followed by a break to the upside (in theory). Was textbook until Point E didnt reach support. 2 scenarios - upward pressure means pattern is broken and next stop $1.16 or it will inevitably form and we will see the 80s range. Taking my bullish sentiment out of the chart I suggest that touching and bouncing off the Oct 2021 support is a good indication that its onwards and upwards from here. Shorters will be watching 4C hard for weakness but im sure most holders are realistic in their expectations for this quarter as nothing major has been promised but timelines are in tact. Theres 4C, AGM, a few presentations to come before end of financial year plus potential of a announcement drop at any stage. $2 June is still possible all in my opinion.
Chart, page-18376
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