Boring morning at work. So in depth charted this on the monthly. Look close
You can see how much of an uphill battle this is trying to get anywhere close to 25c within 2 months so those options convert. It would have to do an LRV- what a move that was.
Way I see it with 2 weeks left the monthly candle has to close over 7.3c- and preferably well over.
Then its got the most uphill battle trying to decisively break an 8 year downtrend at 13c. Would need to see then next months candle close above 13c rendering that resistance obsolete.
Once that is done, then you might see a massive rally to test the highs at 35c but again its a lot to ask for in the next months candle before options expiry.
Having said that the potential set up is there. So for that Ill give it credit
MTM Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)