Was just having a look at the chart. We're at an interesting stage at the moment. Various moving averages are coming very close together which is considered indicative of an imminent move, there are 2 trend lines that it is holding to (long red down and green up here) and there appears to be a horizontal line of resistance at 1.4 which may be a breakout point.
After saying in my previous post I don't expect much in the next month or so I am thinking now that there should be some sort of activity in the next 2 weeks as the two trend lines converge. I'm not so bold as to predict what - either test 1.4 or test 0.9. If, as we would hope, it tests and breaks 1.4 then there would be an initial theoretical target of 1.9 cents based on the recent move off 0.9 to 1.4. Fingers crossed.![]()
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