Here's a chart of what you're looking at here. IMO
SP is nicely poised above all important ema's and a recent "golden cross" see's it bullish. First target would be .375 but it will be a grind. If ema's support fails then it's back to low 20's unfortunately. There's nothing to suggest this will happen but that's the ASX, expect the unexpected. As you can see it has been very news sensitive but struggles to hold it's spikes so you can trade accordingly.
Good luck.
click on chart to enlarge.
IOU Chart, page-1691
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