Ann: Response to ASX Price Query, page-71

First of all, my earlier prediction about the support area has been a bit conservative, as the trading in the past 2 weeks has showed that a new support area of 6.4-6.6c has been created.

The latest 3 weekly candle formation from technical analysis terms is a bullish combination. Trading during the last week was supported by good volumes due to relatively large buy parcels of up 500K. I would say the trading was extremely active especially at the opening pushing the SP higher.

As earlier mentioned the next target is 10c and based on the chart I can't see any strong resistance to reach this target.

irynka