Hey kates9999
When these juniors start to graduate (particularly as the word spreads to institutions and the wider public) the old technicals become irrelevant.
We start to look toward re-rates that come as the news spreads and the share price grinds higher with fewer significant pullbacks (generally less than 38.2 fib retracements)
It then gets more serious when market caps pass $100Million (which is a common threshold level that some institutions constitutions dictate) and entry into ASX 300 and then ASX 200 on the back of continued news also come into play.
Methinks we are indeed at the start of this process now
GLTAH (Not that we need luck - we have always know that we would reach this stage and it was a case of when not if - and this is just the front end of it)
Cheers
IO
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3 | 2331789 | 0.031 |
6 | 3658540 | 0.030 |
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Price($) | Vol. | No. |
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0.034 | 468848 | 5 |
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