I'm no expert on charting but generally share prices will fluctuate based on business activity yeah? In this instance we've had a good run of announcements increasing the intrinsic value of the company.
Over the coming weeks & months we're expecting further good news, particularly by way of the resource upgrade. I would have a guess and suggest that unless the market has already anticipated the upgrade there should be more value to add and thus the share price will go up? By way of charting it would have broken out in to new territory and become hard to predict?
If the announcement is underwhelming or macro-economic circumstances drive investors out of the speccies it can most certainly go back down but I was of the opinion that there looks to be resistance around 9.7c?
Do your own research.
EXU Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
