A reversal ascending triangle has formed on the EOD daily chart since the 0.9c high on May 11 punters
By my calculations a break of 0.9c will see a return to 1.3/1.4c which as we can see is historical support since Nov last year before this support was broken on small volume during the Greece turmoil.
Once 1.4c is achieved on the break of 0.9c we are at the level form which she has historically had spikes to much higher levels in late Nov and Jan this year.
Judging by the increasing volume of late, the move from 0.5c to 0.9c, the thinning sell depth and the acquisition announcement due this month I suspect the above is not far away punters.
I feel our patience is about to be rewarded.
Tempus Fugit.
ROB Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
