So we have a pennant forming on low volume. Lower highs and...

  1. 23,257 Posts.
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    So we have a pennant forming on low volume. Lower highs and lower lows are never good when you want the price heading north. However the volume is miniscule and we are now technically over sold.
    I have been accumulating options because the risk vs reward is potentially staggering. As long as we get white label licence before expiry options will be in the money. If we get white label along with what we are investing our new found wealth on and assuming it is good (hard not to think it would be) then I believe the below chart target  is very conservative. There is always risk however the potential for $3.00 + SP prior to option expiry is very real imo. Of course things could blow up, the world markets crash, we don't get the white label licence etc, however I think $2.00 + SP prior to options expiry to be a very real chance. That would be a lazy 10 bags on current option price with 20 bag potential. I know it sounds a bit 'rampy' but this is how I am playing it. I have a tad over 400k oppies now so I sincerely hope Mr Smedley gets to play Santa Claus! a.jpg
 
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(20min delay)
Last
$4.27
Change
0.440(11.5%)
Mkt cap ! $263.8M
Open High Low Value Volume
$3.91 $4.41 $3.91 $1.479M 354.3K

Buyers (Bids)

No. Vol. Price($)
1 16264 $4.17
 

Sellers (Offers)

Price($) Vol. No.
$4.39 1140 1
View Market Depth
Last trade - 16.10pm 24/06/2025 (20 minute delay) ?
FND (ASX) Chart
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