"Is today the day ASX will catch up with LSE? Means we will finish the day around 12 or there abouts"
SV, London closed down 6.45% to close at 5.80p or 10.83c equiv.
The ASX will wait for confirmation from London before the next leg up. Seen this plenty of times, shares touch on the psychological 10c barrier and they wait for some FA/TA support before moving on. From 10c the price moves in 0.5c increments, so it would seem 12c is a way off, based on London. Some profit taking can be expected before the next RNS comes.
Based on the last RNS anything deemed as positive in the next RNS should see the price move above 10c by some margin.
Imho
Cheers
RMP Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held
