been here for a while and good to see a lot of new people here posting, and some belief and long awaited excitement in the potential of these assets.
on past history, if this runs we are looking at another 3 to 4 months at least. The monthly chart's moving average has continued to move upwards from the last high of 88c, when it was sitting at around 16c, It is currently sitting around 30c and has continued to move upwards as price declined, expect some profit taking here, maybe. So if all goes to plan and we look at the last run we may be looking at a high of between $1.50 to 1.80 if it can get a riggle on.
Monthly cycle is going upwards as well which suggests we have plenty of time before a cycle top and we get in overbought territory.
The daily and weekly charts are just only starting to show expending volatility and direction which is another indication this trend may have some legs to go yet and the most powerful move is yet to come.
Whichever way you look at it, market cap very cheap. Can't remember how many shares on issue now, was once a 100m now I think around 240m but a market cap between 200 and 300m would be about right.
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still early in trend
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