Ann: AGM Presentation, page-71

50% bounce? 34*50%=17 then + 34 = 51c.
loooool. Maybe APRA license could make it true.

IF RSI is a good indicator, everyone should sell their share anytime from Feb to Jun because weekly RSI shows overbought for 5 months.
More importantly, "death cross" is totally ignored here when people refers charts and indicators..
Anyway, RSI could be always overbought or oversold for months...



Without news, a little bounce won't break the trend. 40c is more realistic. maybe just 36-37c.
I can see the number of "down" days is obviously increasing.
the power of pushing down is stronger and stronger while the power of each small bounce is weaker and weaker.
For example, there were endless sell orders came in 34.5 and 35. Regal is still acting.
Considering the price Regal shorted (recent one around 40c). 20% down is not enough for a hedge funding to collect profit.

Good luck... I like the story that Santa is on the way with the banking licence. I do hope so.