Hello U (again)...........some bullish price action occurring.
The low of the day respected SUPPORT @ $2.84c......and in anticipation of new highs, the charts below will be of relevance.
The DAILY lr chart from the 87c. sp low on 28/07/21, to the $1.45c. sp high on 25/11/21, generated an UPPER CHANNEL RANGE OF 24c..
From 25/11/21 onward, key up side TP's/RESISTANCE tests are forward looking, PREDICTIVE in nature, and will be (generally) MULTIPLES of that 24c. range.
From 02/24 on ward, Mr. Market appears to have settled on 48c. support/resistance RANGE increments.
A subtle CLOSE today @ $2.88c.......and the next TP, in this scenario, @ $3.37c.
Cheers....and keeping in mind, when key horizontal support/resistance levels are being tested, the CLOSING price is the one that matters.
GNP Price at posting:
$2.88 Sentiment: None Disclosure: Not Held
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