The linear regression chart from the 7.5c. sp low on 18/10/2913 to the $2.90c. sp high on 26/03/2021, generated a lower channel range of 46c., with a range mid point of 42c.
From 26/03/2021, KEY horizontal support/resistance levels are forward looking (extrapolated), and will (generally) reflect the elements of that channel range.
The last (resistance) CLOSE @ 65c. was 21/07/23.......the last (resistance) CLOSE @ 42c. was 29/12/23.....and the last (support) CLOSE @ 19c. wqs 08/03/24.
FWIW, TREND line resistance tomorrow is @ 52c.
Many thanks to Sabine.......on the watchlist.
Cheers......and keeping in mind, when key horizontal support/resistance levels are being tested, the CLOSING PRICE is the one that matters.
E25 Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
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