Been a while since we've seen a chart......and it's not pretty......sorry!
Of interest one can see that the BBs are pinching, and quite strongly. This normally indicates that a significant breakout will occur.
But which way, Up or Down??
The 8ema is still below the 20sma, low volume, the SP trend is downwards (overall, sideways for the last 5wks) and the RSI is wobbling along below 50 and lots of red solid candles. So it's all a bit like visiting an old folks home, "depressing".
As they say the trend is your friend so it's not looking good from a chart perspective. It's need something to shoot it up, not down, like a great Ann. But with drilling only just starting, 0.3Moz in the last year for the last drill cycle, roads 5years away, cash in the bank, I can not see any Ann that is going to propel the SP to the upside?
I normally share my SP targets...eek! 20 downside 47 upside.
AIMO, just thought I'd share the chart.
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