Remember: 75c by Xmas folks.
It's very possible.
Assuming we bounce around in the lower channel, we could get there by the end of December (green curve extension) or mid-January (red curve extension) on the chart below.
My earlier analysis (link) indicates that the SP should be 74 cents by about 8th February (give or take a week or two), if the trend continues to be followed. This would occur, if the SP increase remains fairly moderate over the next 3+ months.
It could be 74 cents by mid/late November, but I think late December is more likely at the earliest (as it might not reach the upper channel line again as quickly as it had previously in May), and as can be seen in very late August and the latter part of September where the price pulled back after going slightly above the regression line.
We don't want to see, the price falling significantly (and staying) below the lower channel line. That would definitely slow down any increases to 65c, 75c and beyond.
Possible price driver events:
1. IMU could be included in ASX200 index in December.
2. There could be an early positive results announcement of CHECKvaxx dosing in 3-4+ months (mid January/February+).
Note:
The log scale regression channel is one-SD wide and is a trend over the past 390 days.
The trend assumes continuing positive events and outcomes. Negatives will drive the price flat or lower.
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Remember: 75c by Xmas folks.It's very possible.Assuming we...
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