It would appear that $1.58 is the resistance level. This is also a 62% Fibonacci retrace after dropping 100% from the last run up. The SP appears to be consolidating around these levels and experienced a big volume day today being the second highest since the amalgamation of the two companies (12 months). A break of $1.60 should see the price head back to the NTA price of about $1.80 with ultimate resistance of $1.90.
Lets hope that we get a good result re IRN, Cracow or both.
Cheers
BW
It would appear that $1.58 is the resistance level. This is also...
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