Technically significant activity here...
From my SS post...
Gave a preliminary buy signal on Friday (3rd), with the apparent breaching of 23c...this was confirmed on Monday (6th) with the further breaching of the important 25c trigger number.
Today we have seen an attempted continuation rally get knocked on the head...but the resulting test of the previous trigger line (now support) at 25c appears to be holding.
Good volumes trading, so one is inclined to believe we a seeing genuine consolidation of the recent gains.
Not many shares in the market, so with 870k already traded today, the consolidation might be nearing an end.
May well see a run towards the close today as we did yesterday, with a finish in the 29-33c range?
Cheers!
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Will Souter, CFO
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