Price playing around in the price range that was a consolidation phase in 2022, just as things were about to change big time.
Price went from around 5c to 50c. Thats 10 times money if brave and had good timing. I wasn't but took it at high teens, once 200 EMA was breached
Retrace has been around 50%. Volume entering today and starting to bounce.
Euphoria has worn off from 50c, realisation that more capital was required has meant dilution and excitement has ebbed. These guys are confident and with the Board and Management I think these guys are well plugged in to the decision makers. Around here makes a good spot to add IMO with a SL around 22. Thats a big fall from 31c so wouldn't be adding too many until the return to uptrend is confirmed with a breach of the 200 EMA.
Overall, the chart looks constructive on a LT basis to me.
3DA Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
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