I like the current price but I don't like the unknowns as to when the next announcement will be. It's about fundamentals and newsflow as well as price.
No doubt it's a good buy for a long term hold at this level.
If I was to try and trade it, I would be waiting for some kind of reversal and break of the short term trend.
It's showing no sign of that so far. The volume needs to come back as well. No good closing at 1.7c today on next to no volume.
Utimately I'd be looking for a break of 1.8c so we'll call it 1.9c on good volume. Anything under that is bottom picking IMO.
ANP Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Not Held
