Charting, page-330

The up trend linear regression chart from the 33c. sp low on 29/06/22 to the $1.35c. sp high on 29/05/23, generated an UPPER channel range of 61c., and a LOWER channel range of 17.5c.

From 29/05/23 onwards, key down side TP'S/SUPPORT tests are forward looking (extrapolated), and will  be (generally) MULTIPLES of  that 17.5c. range.

From 29/05/23 onwards, key up side TP's/RESISATANCE tests are forward looking (extrapolated), and will be (generally) MULTIPLES of that 61c. range.

The 'requisite' correction from the $1.35c. sp high played out, as highlighted on the above chart.



The resumption of the Primary up trend was confirmed when the EBR share price moved back above the 74c. level, and the lower lr trend line.
ALL subsequent retraces have respected that trend line.

The daily volumes may be 'lumpy', but the repeating price range patterns are, and have been, CONSTANT and PREDICTIVE (measurable)........which makes EBR a PRIME candidate  for technical analysis.

Expect major up side TP's to be multiples of that 61c. range , including range mid points  (30.5c.).......and fwiw, the recent retrace from $1.20c. down to 89.5c., was a 30.5c. range.

Cheers.