The Picture continues to look good as we build towards a Break out.
Accumulation has been obvious over the past few months with the stock being managed and traded in a very tight price band between 13 and 17 cents.
Daily chart shows how the stock has constantly bounced off the 195 emas, and has formed a massive cup and handle pattern on the charts.
This pattern has been forming for well over a year therefore a break should lead to some serious price gains, with the first target being 27 cents.
If it can poke its head up into the high teens and close there - then i think we are well on the way to achieving the re-rating that this stock deserves.
Keep Watching - Its gonna happen!
- Forums
- ASX - By Stock
- not if but when...
The Picture continues to look good as we build towards a Break...
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)