Hi Helios
It sure looks like the base of the bottom forming which suggests it's wave 1,1. The first impulse wave probably started (to be confirmed) which should then have five sub-waves.
Logically the first impulse wave aims for 9.8c or so as the technical target, with three sub-waves up and two down within that move.
At a guess we then get a correction back towards 6c ... which is probably the significant key resistance:support level for the next 12 months.
It all depends on news, markets and probably even geopolitics so it's just a guess at this stage but something to remember for 12 months out - Feb '24.
Quite a nice risk:reward I expect at these prices. We'll see - 'best.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-18
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