1c run to 3.9c run, then from that level retreat to 2c, chartists using either 66% retreat or 62% Fib retreat. Some chartists see that as confirmation for the next leg up by 50% - that would be 3c. Others predict 100% - that would be 4c.
Looking at the FA, 2c / 2.2c came into play due to a CR, not an organic market retreat. Some chartists that way ignore the above and start all over from 2.2c.
Looking at the volume, the aggressive selling seems to be over. That, coupled with the outlook of increased revenue and hopefully just a small rise in overheads should point upwards.
" Steini's Curse ": Monday marks the change moving from " new stock " to " established " which should see an uptick.
Chartist or not, it is hard to predict just based on TA what will happen. I stick with FA and use TA only when the sp breaks out to either side to determine to buy / sell.
GLTA
W2V Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)