WWI chart, page-243

please excuse the dodgy markup on my phone but here is the bullish triangle in play with decreasing volume as the price pulls back.

the height of the triangle is 5c, so when it breaks 10.5c the measured move is another 5c so price target on TA is 15.5c. It should break 10.5c then pull back to ‘retest’ it as new support, and then move to 15c. If the break doesn’t hold it pullback to the lower trendline as ST traders who were looking for the break exit and look for other opportunities.

as volume dries up here they will shortly re-enter looking for the next leg up.

this is separate to the FA catalyst of the mining right, which should see a more substantial re-rating of the market cap and therefore share price. Personally I think this sits somewhere in the 20s to begin with.