I would also note that the 6c level is around 50% retrace of the down move from Feb 2023 at around 8.3c to the lows around 3.6c.
The charts a bit messy but there is perhaps an argument to say a cup and handle is trying to play out having come off what's close to a double bottom pattern.
Having watched the pattern of transactions the past few weeks, I still think there is a major holder exiting, but at least over the past few weeks, there have been others who are willing to pick up some of the shares.
I do think SP would break 6c once confirmation of R&D funds is announced, and/or, announcement of CLAWS funding allocation.
BLG Price at posting:
5.7¢ Sentiment: Buy Disclosure: Held
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