Closing price above $1.82 is crucial, page-25

There are ~720 million shares on issue and only 2.2m shares were traded today on ASX.

During the last 12 months total trading volume over 254 trading days was ~1.4 billion shares i.e, roughly twice the total number of issued shares.

Average daily volume is 5.7m and today's trading volume was the lowest since 9th Nov 2015.

Closing price was 72c on 9th Nov and today it closed at $1.71.

Price has really run hard in last 5 months. No wonder the MD has decided to sell a few million shares and take some money off the table.

Low volumes in a price range is generally a good sign as it indicates accumulation. I think price will continue to trade with in a range for a while.

The upper end of the range is $1.82 and it has been well established on the chart.