1. Retracement : From 4.6c (14 Nov) sp retreated to 2.7c on 16 Nov. That was more than 76.4% retracement (oversold).
2. Uptrend: From low 2.7c (16 Nov), sp rise up to 4c (21 Nov). That was near 76.4 % = 4.1516.
3. Retracement again : From 4c high on yesterday 21 Nov, sp retreat today (22 Nov) to 3.1c = 76.3% . That is too much.
4. With good news in front and by looking at chart I think sp will move up soon. It can beat 4.6 and rise to:
- 138.2% = 4.4966 = 5c
- 161.8% = 4.8c
- 200& = 5.3c (5.2c on 14/6/2016 and 7.1c on 19.5/2016)
I just picked up some today and hope my guess is right. GLTA
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