Some of the chartists here are talking about the sp revisiting 16c or even as low as 14c - fair enough - but I'm sure this is their view for the short term
For the long term holders, fundamental analysis is probably more relevant - as Erich stated, today's upgrade adds many more cents to the sp
Personally, I think it's quite healthy to see many millions traded at today's levels. I'd like to see these high volumes sustained over the short term.
Momentum is the key. Higher volumes suggest that the market is beginning to wake up imo.
LCY Price at posting:
17.5¢ Sentiment: LT Buy Disclosure: Held
